By on September 23, 2013

CFPB

According to regulatory filings by Toyota Motor Credit Corp., the giant automaker’s car financing arm, and American Honda Finance Corp., which fills a similar role for Honda, the United States Consumer Financial Protection Bureau and the Department of Justice are investigating major auto manufacturers for possible lending bias based on race, which would be a violation of the 1974 Equal Credit Opportunity Act.  According to Bloomberg, the agencies are looking into how loans that the automakers’ credit companies provide to auto dealers are priced. Bloomberg reports that as many as seven car companies have been asked for data that may be related to the borrowers’ races and interest rates charged. Both government agencies declined to comment on the matter. (Read More…)

By on April 29, 2010

Have you ever done serious business in Russia? Nyet? If you want to keep your conscience pure, don’t. It’s a “gotta pay to play” country. If you don’t make regular payments, the best that can happen to you is that you are out of business. In more serious cases, you pay with your life – a common currency in that country.

Behind that backdrop, it’s humorous to read that “the Russian Prosecutor-General’s Office has asked the United States to provide information about corruption that reportedly accompanied the sale of Mercedes limousines by Russian law enforcement agencies, Prosecutor-General Yuri Chaika told the Federation Council.” That according to Russia’s news agency ITAR-TASS. (It’s “sale to law enforcement agencies.” Someone with lesser English may have made a payment. See video.) (Read More…)

Recent Comments

  • Re: Reader Review: 2014 Cadillac ATS

    DeadWeight - The ATS Alpha Chassis IS the next Camaro’s. In fact, the next gen Camaro will be built ALONGSIDE Cadillac’s “bespoke” ATS & CTS on...
  • Re: Reader Review: 2014 Cadillac ATS

    mjz - When I first saw the new XE in photos, I thought it was just meh. But I saw one in the metal at the Detroit Auto Show (excuse me NAIAS) and it is quite striking in...
  • Re: Reader Review: 2014 Cadillac ATS

    heavy handle - “All prices feel about $5000 too high” It’s a Cadillac. You will get $5000 off without even trying.
  • Re: Reader Review: 2014 Cadillac ATS

    CJinSD - Did anyone read the review in its entirety? It put to rest the myth that nobody makes bad cars anymore. I’m not saying BMWs are good, but this man’s...
  • Re: Reader Review: 2014 Cadillac ATS

    formula m - My parents bought a new 2001 Pontiac Montana and after 12,000 mi the rattles and noises started. The side plastics in the rear where the worst when we would...
  • Re: Reader Review: 2014 Cadillac ATS

    FreedMike - You missed him above. Or are missing nothing, depending on your point of view…
  • Re: Reader Review: 2014 Cadillac ATS

    hubcap - I believe much of what you say to be true especially for those luxury cars at the lesser price points. Traditional luxury staples have been adopted by more...
  • Re: Bark’s Bites: Viva La Fiesta!

    Nick 2012 - Disagree. Unload the Boss now while its resale is high and save the delta in payments for GT350 speeding tickets/consumables/track day fees. The FiST is...
  • Re: Bark’s Bites: Viva La Fiesta!

    davefromcalgary - Agreed. The Fiesta is just ungainly, while the focus is well proportioned and attractive. They say the Fiesta is more fun to drive however.
  • Re: Reader Review: 2014 Cadillac ATS

    FreedMike - You and Dead Weight should get a room.

New Car Research

Get a Free Dealer Quote

Staff

  • Contributing Writers

  • Jack Baruth, United States
  • Brendan McAleer, Canada
  • Marcelo De Vasconcellos, Brazil
  • Vojta Dobes, Czech Republic
  • Matthias Gasnier, Australia
  • W. Christian 'Mental' Ward, Abu Dhabi
  • Mark Stevenson, Canada
  • Cameron Aubernon, United States
  • J Emerson, United States