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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,...
Podcast: ‘Weekly Wrap’ speaks to Toyota CFPB oversight, subprime credit tightening
The Consumer Financial Protection Bureau continued to focus on the sale of ancillary products to consumers, fining Toyota Motor Credit...
There’s never been a better time to buy an electric car
The battery-powered BMW iX is a technological marvel. It travels up to 321 miles on a charge, its glass sunroof goes opaque...
Hertz, Lucid and others make appointments and other staff moves…
Keppy appointed EVP, COO at Hertz Car rental company Hertz named Justin Keppy executive vice president and chief operating officer...
Auto lenders lean on human connection for collections
Human connection is key to improving collections in an environment marked by inflationary pressures and deteriorating credit performance. Subprime borrowers...
New loan management tech highlights auto lending shift
One of the best ways to gauge the direction an industry is heading is by taking a look at the...
Mary Barra’s $280B goal confronts a litany of GM hurdles
Mary Barra’s ambitious plan to double General Motors Co.’s revenue to $280 billion by the end of the decade has...
Subprime lenders tighten income, LTV requirements
Inflation, deteriorating credit performance and worsening affordability have prompted subprime auto lenders to tighten lending requirements to better manage risk. ...
