auto lending

Wells Fargo Taps Mary Mack To Fix Consumer Lending Business
Wells Fargo Taps Mary Mack To Fix Consumer Lending Business
December 20, 2017  |  Personnel

Wells Fargo has announced that Mary Mack will lead its consumer lending unit. According to The Wall Street Journal, this new role will be in...

READ MORE >
The CFPB Criticizes Increase In Long-Term Auto Loans
The CFPB Criticizes Increase In Long-Term Auto Loans
November 02, 2017  |  CFPB

According to the latest report by the Consumer Financial Protection Bureau (CFPB), long-term auto loans are on the rise. The CFPB’s data finds that 42...

READ MORE >
Ford To Use Machine Learning To Assess Credit Risk
Ford To Use Machine Learning To Assess Credit Risk
August 28, 2017  |  Loans

ƒFord Motor Credit Co. the financing arm of the vehicle manufacturer, announced Friday (Aug. 25) that it will implement machine learning credit approval models to...

READ MORE >
Wells Fargo Exec Claims Company Had Planned To Reveal Auto Insurance Problems
Wells Fargo Exec Claims Company Had Planned To Reveal Auto Insurance Problems
July 28, 2017  |  Banking

Wells Fargo revealed that it had planned to disclose problems uncovered with its auto insurance policies, but it was waiting until it was ready to...

READ MORE >
Wells Fargo To Overhaul Auto Lending Unit
Wells Fargo To Overhaul Auto Lending Unit
July 28, 2017  |  Loans

Wells Fargo & Co., the embattled bank, is reportedly overhauling its auto lending unit in an effort to control risk. According to a news report in...

READ MORE >
Car Buyers ‘Underwater’ On Trade-Ins
Car Buyers ‘Underwater’ On Trade-Ins
November 28, 2016  |  Alternative Finances

A record number of consumers looking to trade in vehicles are finding that their cars are worth less than they owe on their loans. USA...

READ MORE >
Uber Driver Data Opens Lending Access In Kenya
Uber Driver Data Opens Lending Access In Kenya
July 01, 2016  |  International

A lack of customer data is a huge barrier that prevents many small businesses and individuals in Africa from access to loans. But Uber is...

READ MORE >
Did The CFPB Strong-Arm Ally Bank Into A Settlement To Push Anti-Discrimination Regs?
Did The CFPB Strong-Arm Ally Bank Into A Settlement To Push Anti-Discrimination Regs?
November 25, 2015  |  Alternative Finances

So, what does a federal watchdog — say the CFPB — do when it wants to crack down on discrimination in lending but knows that the...

READ MORE >
CFPB’s Latest ($18M) Casualty
CFPB’s Latest ($18M) Casualty
September 29, 2015  |  News

After suffering a sharp downturn in the recession and following credit-crunch, auto lending in the U.S. has been on the rise for five years, and...

READ MORE >