Is the Death Knell Being Sounded for Dealer Financing?

There appears to be a regulatory target on auto dealer-provided loans.

Auto Lending Fraud Up

Borrowers seeking to buy vehicles despite affordability issues were the top culprits last year as newer methods increase.

Customers Dissatisfied With Lenders' Digital Experience

J.D. Power U.S. study reveals low satisfaction with their digital solutions.

Lawsuit Alleges Deceptive Practices at Group's Stores

Two former employees allege supervisors at three Illinois stores encouraged deceitful practices involving auto lenders.

Double-Digit Decline in Ally Financial Q1 Net Income

Despite a 51% net income decline, the company’s net income is higher year-over-year.

Dealership Group to Pay $3.3 Million to Settle Junk-Fee, Discrimination Case

FTC accused Passport Automotive Group of deceitful ads, charges, and discriminatory lending.

Auto Financing Gets Easier

It’s easier than ever to get credit, if you can find a vehicle, says Andy Mayers of Cox Automotive.

Americans are Borrowing Again

As auto loans and credit apps rise, it appears Americans are more willing to take on debt.

NADA Files Second Request for Internal CFPB Documents

Ally Financial Named Mitsubishi’s Preferred U.S. Auto Lender

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 »