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Finance & Insurance
32 posts
New CFPB Rule Could Ease Lending for Independent Dealers
On April 30, the Consumer Financial Protection Bureau issued a revised final rule implementing Section 1071 of Dodd-Frank,…
Lenders turn to AI for efficiency
From the February issue of UCD For lenders like Kevin Lawson at First Texas Auto Credit in Coppell,…
Fed cuts rate, eyes developments in subprime auto market
The Federal Reserve announced its second straight rate cut Wednesday, and that recent developments in the subprime auto…
NIADA attends AFSA to provide insight
NIADA participated in the American Financial Services Association’s (AFSA) Annual Meeting in Washington, D.C., Oct. 27, joining roundtable…
Percentage of drivers upside down on car loans grows
A new report shows the number of Americans finding themselves upside down on their car loans is increasing.…
NIADA submits letter to CFPB asking to raise threshold for large participant finance rule
NIADA submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) in response to its Advance Notice…
Fed cuts interest rates for first time this year
For the first time this year, the Federal Reserve has cut interest rates. Additional cuts are expected by…
CFPB seeks comment on larger participant auto finance rule
The Consumer Financial Protection Bureau is seeking public comment on raising the threshold for classifying companies as “larger…
FTC drops complaint against dealer to comply with disparate impact order
The Federal Trade Commission has dropped its claims of discrimination against three Texas car dealerships to comply with…
Report shows how end of student loan relief reshapes auto lending
As student loan delinquencies reappear on credit reports, millions of consumers are being reclassified as subprime, despite staying…