Caught in Tricolor’s crossfire: A first-person account
Terralyn Montgomery considered her Tricolor Auto purchase a blessing. Montgomery had fallen on hard times — her son had been...
Refis making 90-month terms more acceptable
Consumers need more than interest rate savings to make refinancing worthwhile. Despite increasing reliance on 72-month initial terms, consumers who...
Gaming elements boost app stickiness (Under the Hood)
Many auto finance apps allow consumers to search for vehicles and manage payments, but they fall short when it comes...
High-income auto consumers at risk for default (Under the Hood)
A $2,400-a-month payment was enough to derail rapper MC Hammer’s auto loan, prompting JPMorgan Chase Bank to file suit for...
Investment in auto fintechs totals $1.9B through June (Under the Hood)
Investors pumped $1.9 billion of capital into auto fintechs through June as the average transaction size inflated, according to an...
Complaint pace reignites after March slowdown (Under the Hood)
Auto loan- and lease-related complaints filed through June 30 with the Consumer Financial Protection Bureau surged 38% year over year....
New York fast-tracks abusive lending regulation (Under the Hood)
A New York bill that expands the state attorney general’s power to legally pursue predatory lenders landed on Gov. Kathy...
Vehicle prices test college grads
New-car prices have increased since 2020 at a faster clip than starting salaries, eroding vehicle affordability and dampening sales. While...
