Consumer Advocate Group Considers Most Auto Loans “Abusive”
The Center for Responsible Lending considers most auto loans to be at least potentially “abusive,” because in the center’s view,...
FTC Consent Orders Require ‘Clear and Conspicuous’ Disclosures
Image: FTC The Federal Trade Commission announced final consent orders with two car title lenders accused of misleading advertising, in...
New Ally CEO Says Cultural Change is Under Way
Without naming names, Jeffrey “J.B.” Brown, the new CEO of Ally Financial, had some harsh words for Ally’s corporate culture...
Ally Will Roll Out Branded F&I Products Through 2016
Doug Timmerman, president of Ally Insurance Ally Financial Inc. is rolling out F&I products like service contracts and GAP using its own...
Lending, Leasing Hit Several Records in First Quarter
Auto loans and leases hit several new highs in the first quarter, all related to affordability, in a word. Records...
Is the Justice Department Endorsing Lower Dealer Markup?
Compliance experts are poring over a recent consent order between the U.S. Department of Justice and Evergreen Bank, a state-chartered bank...
Feds Are Still Fishing in Asset-Backed Waters, No One Knows for What
It’s still anybody’s guess what, exactly, the U.S. Department of Justice, the Securities and Exchange Commission and potentially other regulators...
Late Payments Flat Despite Auto Debt Record High, TransUnion Reports
Auto delinquencies remained flat last quarter, even though car loan and lease volume increased and the average automotive debt per borrower...
