Under the Hood: CFPB new guidance hinges on negligible complaint data
The Consumer Financial Protection Bureau’s latest statement cautions lenders to avoid discriminating against auto loan borrowers who are immigrants. Yet,...
Under the hood: Jumpstarting an economy through auto finance
China’s top financial regulator is urging lenders to help consumers — especially college graduates — buy more cars. China’s National...
Under the Hood: CFPB lags on information security updates
While the Consumer Financial Protection Bureau plans to step up enforcement action in the lending sector, the federal watchdog has...
Under the Hood: Latest CU securitization leverages funding alliance
On the surface, Valley Strong Credit Union’s debut securitization appears to be another in a string of recent credit union-backed...
Under the Hood: Opposing forces tug at industry’s future
A right-sizing of vehicle price inflation stands to be upended by lopsided consumer debt burdens, according to a group of...
Under the Hood: Lenders spice up funding routines
Financiers are getting creative in the securitization market as investor demand spurs auto-backed issuance. Seasoned issuers are finding new ways...
Under the Hood: CFPB takes stab at clarifying ‘abusive’ acts
The Consumer Financial Protection Bureau’s latest Supervisory Highlights publication appears to be an attempt to mitigate the confusion caused by...
Bank of America, Freedom CU, West Aircomm FCU named in repo complaints
Pennsylvania courts are cracking down on repossession-related offenses, as evidenced by a trio of recent cases. Earlier this month, Freedom...
