The automobile is one of those products that can change countless details of daily lives, to say nothing of the payments and commerce ecosystems associated with vehicles. And any significant change to the automobile — and that includes the rise of connected cars — will bring...
The Consumer Financial Protection Bureau announced Tuesday (Sept. 12) that recent supervisory actions resulted in $14 million in relief to more than 104,000 consumers from January through June 2017. In a press release detailing the CFPB’s Supervisory Highlights report, the government watchdog said that supervisory...
The Federal Reserve Bank of New York is not quite sounding the alarm bell for auto lenders, but they are certainly trying to draw some attention to the issue. Subprime borrowers, it seems, are having a tough time keeping up with their monthly auto payments, as...
October 07, 2024
The Consumer Finance Protection Bureau (CFPB) says it’s taking action against improper automobile repossessions. The regulator on Monday (Oct. 7) released findings in its investigation into illegal practices in the auto finance world, including lenders repossessing cars after they’ve made payments or gotten extensions on their loans. “Borrowing to buy a vehicle is one of […]
September 13, 2017
The Consumer Financial Protection Bureau announced Tuesday (Sept. 12) that recent supervisory actions resulted in $14 million in relief to more than 104,000 consumers from January through June 2017. In...
December 01, 2016
The Federal Reserve Bank of New York is not quite sounding the alarm bell for auto lenders, but they are certainly trying to draw some attention to the issue. Subprime borrowers,...
