Another Senator Writes to CFPB
Another day, another letter from a legislator to the Consumer Financial Protection Bureau. Sen. Max Baucus (D-Mon) is the latest...
Ally Completes Another Convertible Securities Repurchase
Ally Financial Inc. said Wednesday it completed the repurchase of all outstanding shares of the "mandatorily" convertible preferred securities held by...
Tax Credit Incentive Approved for New Exeter Facility in Utah
Exeter has been approved to receive a $2.3 million tax break in the State of Utah. Exeter will receive the tax...
Give Back and Get a Subscription to Auto Finance News
Limited-Time Thanksgiving Promotion! Thanksgiving is only two weeks away and we at Auto Finance News know it is time to...
S&P and Experian: Consumer Auto Loan Default Rates Stable
October's auto-loan default rate was 1.14%. That's one basis point lower than the September rate of 1.15% and the same...
Longer Loan Terms Threaten Higher Repo Rates
The threat of higher repossession volume looms as lenders extend loan terms to make monthly vehicle payments more affordable to...
Southern Cities Tops in Auto Loan Debt
Grits. Country music. Auto loans? A USA Today article notes the ten cities where customers have the most auto loan debt,...
Fed Approves Ally Repayment Plan
The Federal Reserve has approved Ally Financial Inc.’s plan to repay a big part of its government bailout. Ally said...
