Credit trends among young service members
While consumers bogged down by financial obligations are barred from joining the military, service members often accrue debt — particularly ...
Tag: Consumer Financial Protection Bureau
CFPB statement clarifies credit reporting and CARES Act
On April 1, as the nation was in the beginning stages of its COVID-19 shutdown and companies, including financial institutions, ...
Weekly Wrap: Fintech, CFPB complaints and vehicle values: a closer look [Video]
This week, Auto Finance News took a deep dive into the driving factors behind the goals of two fintech lenders entering the ...
June auto complaints dip at CFPB, but reflect coronavirus hardships
Complaints reported to the CFPB last month totaled 435, down from 442 during the same month in 2019, a drop ...
Credit reporting during a pandemic
The economic impact of COVID-19 has already proven catastrophic for many businesses and consumers. Many employers are reducing their staffing ...
SCUSA settles predatory lending suit dating back a decade
Santander Consumer USA has settled a lawsuit leveled by 33 states and the District of Columbia alleging that the subprime ...
Keep your regulatory health in check
Auto finance customers’ concerns about the impact of the coronavirus may be addressed, in part, with traditional loss-mitigation tools. Deferral ...
American Honda sales drop 54% in April, Hyundai close behind
Major automakers have reported sales declines of up to 54% for April alone, according to monthly sales figures released by ...
