J.D. Power U.S. study reveals low satisfaction with their digital solutions.
Two former employees allege supervisors at three Illinois stores encouraged deceitful practices involving auto lenders.
Despite a 51% net income decline, the company’s net income is higher year-over-year.
FTC accused Passport Automotive Group of deceitful ads, charges, and discriminatory lending.
It’s easier than ever to get credit, if you can find a vehicle, says Andy Mayers of Cox Automotive.
As auto loans and credit apps rise, it appears Americans are more willing to take on debt.
Ally Financial Inc., the former lending arm of General Motors, will become the preferred financing source for Mitsubishi Motors Corp. in the U.S, reported Bloomberg. Ally will replace Mitsubishi’s captive finance company and provide lease and retail financing and insurance offerings at about 380 Mitsubishi dealerships, the Detroit-based bank said Monday in a statement. Terms ... Read More »
By: Gregory Arroyo MCCLEAN, Va. ─ Add Capital One to the growing list of finance sources that have received subpoenas from state and federal regulators regarding subprime auto finance originations and securitizations. According to a Feb, 24 regulatory filing with the Securities and Exchange Commission, the finance source received subpoenas from the New York District ... Read More »
WASHINGTON – More than 400 new-car dealers and dealer association executives from across the country traveled to the nation’s capital last week urging lawmakers to support a new bipartisan bill that nullifies the Consumer Financial Protection Bureau’s flawed “guidance” on auto lending (NADA). H.R. 5403 – Reforming CFPB Indirect Auto Financing Guidance Act – sponsored ... Read More »
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