By on March 10, 2015

Discussing some auto financing

With auto lending easier to come by these days, bank regulators and analysts are keeping their eyes open for potential signs of trouble.

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By on March 5, 2015

hipster lyft millennials

Alleged to not be interested in cars or driving them, millennials are the fastest-growing segment of car buyers as far as lending goes, per a new study.

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By on February 11, 2015

Subpime Lending MS Powerpoint Style

Though subprime auto lending is growing, lenders believe a new credit bubble isn’t on the horizon as it was in the runup to the Great Recession.

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By on February 6, 2015

car-shopping-smartphone-620x310

While visiting a dealership is de rigueur for most, an increasing number of consumers are turning to technology to buy their cars.

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By on October 1, 2014

DRN LPR Guide

Aside from GPS-equipped starter interrupt systems, lenders have another tool to repossess a vehicle, with the added benefit of using the data obtained to acquire better contracts: license plate recognition.

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By on July 29, 2014

new couple old tricks auto lending

Six years after the dark days of the Great Recession, automotive lending is back on the rise, while delinquencies on those loans remain grounded.

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By on March 20, 2014

CFPB

Uncertainty on auto lending rules resulting from the Consumer Financial Protection Bureau’s methodology behind consent orders issued to lenders found overcharging or otherwise misleading minority borrowers has prompted calls from the National Automobile Dealers Association and the House Financial Services Committee for a detailed explanation from the bureau on said methodology.

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By on February 20, 2014

New Suckers At The Stock Photo Dealership

Just as total auto loan balances in Q4 2013 climb to $798.5 billion, the United States Chamber of Commerce has called upon the Consumer Financial Protection Bureau to draw up a detailed compliance guide for auto lenders returning to the fray.

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By on January 28, 2014

Insane People at the Stock Photo Dealership

Younger buyers and subprime consumers are expected to drive auto sales in 2014, though some banks are already stepping off the accelerator with auto loans due to heavier competition and a desire to protect their margins.

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By on April 25, 2013

Ratings agencies and other players in the finance world are beginning to sound the alarm on auto backed securities.  Among the most troubling factors for some investors is the growth of smaller issuers who rely on pools of deep subprime loans. And ratings agencies who are being more conservative with their ratings are missing out on the action.

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