auto loan

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 >
Americans’ Debt Level Hits New High
Americans’ Debt Level Hits New High
August 16, 2017  |  Debt

America’s debt level hit another record high in the second quarter, after having surpassed its pre-crisis peak earlier in the year. According to Reuters, total...

READ MORE >
AutoGravity On Why Car Buying Can Be Friction-Free
AutoGravity On Why Car Buying Can Be Friction-Free
July 11, 2017  |  Alternative Finances

There’s nothing like that new car smell. And the fun of driving a new car off the dealer’s parking lot. But the process of getting there...

READ MORE >
FTC Sends Out Checks To Consumers Affected By Auto Loan Modification Scheme
FTC Sends Out Checks To Consumers Affected By Auto Loan Modification Scheme
June 16, 2017  |  Fraud Prevention

The Federal Trade Commission (FTC) announced news that it is mailing 288 checks totaling more than $109,000 to victims of an auto loan modification scam. According...

READ MORE >
BoA Debuts In-App Auto Financing Via Mobile App
BoA Debuts In-App Auto Financing Via Mobile App
May 31, 2017  |  Mobile Applications

Bank of America announced Tuesday (May 30)that it bas launched new capabilities for mobile clients to complete the auto financing process with the company. In a press...

READ MORE >
Santander To Pay $25M To Resolve Auto Loan Allegations
Santander To Pay $25M To Resolve Auto Loan Allegations
March 30, 2017  |  Legal

Santander Consumer USA Holdings Inc, a unit of Spain’s Banco Santander, will pay nearly $25 million to two U.S. states — $22 million to Massachusetts and...

READ MORE >
Car Commerce Tracker: Debut Edition
Car Commerce Tracker: Debut Edition
February 07, 2017  |  Innovation

For payments and commerce, digital mobility and the rise of the IoT mean a proliferation of ways to engage with potential products and possible points...

READ MORE >
CFPB, DOJ And Toyota Settle Over Discriminatory Dealer Pricing
CFPB, DOJ And Toyota Settle Over Discriminatory Dealer Pricing
February 03, 2016  |  Regulation

The dealer reserve — the process by which auto dealers who act as middlemen in auto lending add to the interest rate assessed by the loan...

READ MORE >
The CFPB’s War On Car Loans
The CFPB’s War On Car Loans
August 04, 2015  |  Alternative Finances

Most Americans need a car. Some have recently opined that this trend may be coming to its end, pushed by the 80 million or so...

READ MORE >