The Consumer Financial Protection Bureau recently investigated auto lender Ally Financial amid concerns that the company regularly charged higher interest rates to non-white borrowers. According to AutoNews, Ally has now agreed to cough up $98 million to settle the probe. Could this make things... read more
Are America's Auto Lenders Discriminating Against Minorities?
Experian: Auto Credit Continuing To Loosen, Loan Amounts Up
As GM Dips Back Into Subprime Lending, Will The Deals Get Better?
Car dealers, at least for now, don't have to answer to the same regulations, restrictions, and oversight that would apply to nearly every other type of consumer lending... read more
June 25, 2010 by Bengt Halvorson 7