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Congress Is Trying To Undo Oversight Of Dealership Loans

Congress Is Trying To Undo Oversight Of Dealership Loans

The Consumer Financial Protection Bureau was created in 2011 to ensure that lenders treat borrowers fairly and transparently. However, a curious legal loophole prevented the CFPB from overseeing car dealerships, even though those dealerships broker billions of auto loans each year. The loophole... read more

November 19, 2015 by -
 
money

Experian: Auto Credit Continuing To Loosen, Loan Amounts Up

To get the vehicle you want, and the right credit terms, having a high credit score has been extremely important over the past couple of years. With credit tight, lots of... read more December 9, 2010 by 0


 
GM Renaissance Center American flag

As GM Dips Back Into Subprime Lending, Will The Deals Get Better?

General Motors today acquired subprime lender AmeriCredit, as part of a $3.5 billion deal that will help extend loans and leases to those with blemished credit. Before you... read more July 23, 2010 by 0


 
Used car salesman

Congress Cracks Down On Lending, But Car Dealers Squeeze Through

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 7


 

 
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