Author: Automotive News Feed
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CFPB, lenders, dealers are talking, and that’s progress
The Consumer Financial Protection Bureau and U.S. auto dealers appear to have a framework for defusing a squabble over loan discrimination.
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Auto loan underwriting poised to loosen in 2014, Moody’s says
Underwriting standards on auto loans will slip in 2014 as increased competition pushes lenders to take more risk, according to Moody’s Investors Service.
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For a higher SAAR, sweeten the deals, analyst says
Dealers need sweeter deals to offer car shoppers. That’s if the industry wants dramatic sales gains for the near future, said an analyst.
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AutoNews Now: Escape recall tally hits 7
Fire risk in some ’13 models, Ford to inspect previous repairs; looser loans?; Siri spreads to Honda; Ram’s coffee-table book.