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 ...
Tag: toyota motor credit corp.
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 ...
Toyota Motor Credit settles $7.6M Mass. lawsuit
Toyota Motor Credit Corp. has reached a $7.6 million settlement with the Massachusetts Attorney General’s Office to resolve allegations that ...
Fed ramps up auto bond buying with industry starting to recover
The Federal Reserve’s historic foray into the credit market has benefitted auto companies the most, supporting an industry that’s borrowed its ...
Testing the resiliency of auto ABS
The auto asset-backed securities market continues to attract investors — even from overseas. While market headwinds brought on by lengthening ...
Group 1 extends $1.8B syndicated credit facility
Group 1 Automotive has extended its $1.8 billion revolving syndicated credit facility with 23 financial institutions, including four captive finance ...
Flat Fees and Parallels: 2 Takeaways From Toyota’s Settlement Case
If you work in auto finance, you’ve heard by now that Toyota Motor Credit Corp. (TMCC) reached a “voluntary” resolution ...
