Under The Hood
Under the Hood: CFPB’s ‘junk fee’ probe lacks transparency
The Consumer Financial Protection Bureau has stepped up scrutiny of auto loan servicers’ fees for late payments, repossessions and payment...
Under the Hood: Subscription programs may worsen consumers’ auto finance health
Subscription services are making a comeback — especially for electric vehicles — but the fundamentals of this type of financing...
New data request could feed CFPB enforcement actions
The Consumer Financial Protection Bureau appears to have begun an extensive fishing expedition into auto finance origination and servicing procedures....
Nicholas Financial walks back expansion plans
Nicholas Financial is walking back expansion plans as it struggles to regain profitability. The 38-year-old lender has become a shadow...
Under the Hood: Auto fintech investments slump in 2022
Venture capitalists pumped $1.2 billion into auto fintechs in 2022, but that investment volume amounted to only half of the...
Under the Hood: EV adoption threatens residual values
Electric vehicle incentives are on the rise, but a hastened rate of EV adoption might upend vehicle values in the...
Under the Hood: CFPB eyes disabling of starter-interrupt devices
Vehicle starter-interrupt devices may be headed for the chopping block if regulators have their way. In its “Supervisory Highlights” report...
Under the Hood: Has disparate impact proxy data run its course?
New York regulators continue to crack down on lenders for unintentional fair lending violations. The most recent target was Poughkeepsie-based...
