Toyota Motor Credit fined $60M by CFPB
The Consumer Financial Protection Bureau has ordered Toyota Motor Credit Corp. to pay $60 million for infractions related to ancillary ...
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US inflation broadly slows, erasing bets on more Fed rate hikes
US inflation broadly slowed in October, which markets cheered as a strong indication that the Federal Reserve is done hiking ...
Monthly payment pressure shows no sign of easing as APRs tick up
Monthly payments on new and used vehicles remained virtually flat sequentially in the third quarter as annual percentage rates reached ...
Underwater trade-ins are costing new car buyers almost $6,000
After a brief respite from soaring auto debt, Americans are once again falling deeply underwater on their car loans. Used-car ...
Supreme Court weighs fate of consumer agency that vexes banks, riles GOP
The US Consumer Financial Protection Bureau, long a target of conservatives and the bane of the banking industry, is now ...
United Auto Workers call unprecedented strike at all three Detroit automakers
The United Auto Workers began a strike Friday against all three of the legacy Detroit carmakers, an unprecedented move that ...
Rising rates lead to 68% dip in floorplan interest income
Rising floorplan interest rates and increased expenses are chipping away at dealer floorplan profit generated by pandemic-induced assistance from lenders. ...
US consumer confidence falls by more than forecast in August
US consumer confidence fell by the most in two years as souring views on the labor market, higher borrowing costs ...
