Senators Seek Discharge of Student Loans from Law-Breaking Colleges

Thirteen U.S. senators, led by Sen. Elizabeth Warren, D-Mass., sent a letter to the Department of Education this week calling for it to use its authority to discharge federal student loans for students who attend colleges that break the law. Collection & Credit Risk

By |2014-12-13T14:26:07-06:00December 13th, 2014|FCRA|Comments Off on Senators Seek Discharge of Student Loans from Law-Breaking Colleges

Is the CFPB Overestimating Racial Bias in Auto Loans?

WASHINGTON — The financial services industry believes it has finally discovered proof that the Consumer Financial Protection Bureau uses flawed methods to detect possible discrimination in auto loans. Collection & Credit Risk

By |2014-12-09T12:06:57-06:00December 9th, 2014|FDCPA|Comments Off on Is the CFPB Overestimating Racial Bias in Auto Loans?

Protecting servicemembers from predatory auto loans: Harry and Ari’s story

Protecting consumers from predatory financial products and services is part of our mission and something we take very seriously. We received a Tell Your Story from the father of a servicemember that led to us opening an investigation into an auto loan program. The program, which targeted servicemembers, was found to have deceptive marketing and [...]

By |2017-05-20T11:45:26-05:00September 17th, 2014|News|Comments Off on Protecting servicemembers from predatory auto loans: Harry and Ari’s story

Consumer Borrowing Soars on Auto Loans

Fueled by demand for auto loans and higher credit card balances, U.S. consumer borrowing soared in July and posted its biggest jump since November 2001. Collection & Credit Risk

By |2014-09-13T06:17:40-05:00September 13th, 2014|FCRA|Comments Off on Consumer Borrowing Soars on Auto Loans

Consumers Taking Out Auto Loans at Record Rates

A record number of consumers took out loans to buy cars in the second quarter, fueled by people purchasing used vehicles, according to data from Experian Plc. Collections & Credit Risk

By |2014-09-07T04:05:43-05:00September 7th, 2014|FCRA|Comments Off on Consumers Taking Out Auto Loans at Record Rates

DOJ Subpoenas GM Financial Over Subprime Auto Loans

General Motors' auto-finance arm has received a Department of Justice subpoena related to the underwriting criteria it used on securitized subprime auto loans, the company said Monday. Collections - Other Consumer

By |2014-08-05T16:18:01-05:00August 5th, 2014|FCRA|Comments Off on DOJ Subpoenas GM Financial Over Subprime Auto Loans

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