During a speech last week to the American Bar Association, Richard Cordray again described the rule-making process the Consumer Financial Protection Bureau uses. The director also touched on a new project labeled, “regulatory implementation.” When creating new or modifying current ... [Read More]

Allstate Credit Acceptance recently announced its plans to offer bids for near-prime and prime auto loan portfolios. Officials indicated pools that will be considered for purchase must have a minimum balance of $30 million and can run up to $200 ... [Read More]

A lawsuit filed by New York’s attorney general resulted in a shutdown of an independent dealer because a law enforcement investigation found the store misled customers and failed to pay off liens on used vehicles. Attorney General Eric Schneiderman said ... [Read More]

Consumers from up and down the credit spectrum have been able to secure vehicle financing relatively easily for the past 12 months, leading a resurgence in originations and sales of both used and new vehicles. While that financing faucet is ... [Read More]

A senior enforcement attorney at the Consumer Financial Protection Bureau and an independent investigator offered more than two hours of testimony on Wednesday of alleged discrimination happening within the agency. During a hearing orchestrated by the U.S. House Committee on ... [Read More]

The latest index results from Fitch Ratings showed both prime and subprime annualized losses inched higher in February as asset performance softened somewhat during the past six months. However, analysts insisted loss rates are still at historically low levels and ... [Read More]

Earlier today, Equifax formally announced the strengthening of its recent strategic alliance with IHS Automotive, which integrated R. L. Polk & Co. into its business last year. Officials highlighted this alliance creates a unique value proposition for the automotive market ... [Read More]

The Consumer Financial Protection Bureau said in its annual report that consumer complaint volume increased 80 percent in 2013, but vehicle loan issues still constitute only a small amount of the overall total. The CFPB indicated this week that overall ... [Read More]

The National Vehicle Leasing Association’s annual conference gets underway today with two tracks of content based on the traditional lease market as well as for attendees interested in venturing into the lease-here, pay-here space. NVLA conference organizers also designated special sessions ... [Read More]

With a new TransUnion survey showing how few consumers check their credit report regularly, Ally Financial is launching a new campaign since Financial Literacy Month starts this week. According to a recent Google Consumer Survey commissioned by TransUnion, about one ... [Read More]