Sept 28- Fifth Third Bancorp will pay $21.5 million to settle U.S. charges that it discriminated against black and Hispanic borrowers on auto loans, and deceived credit card customers into paying excess fees, authorities announced on Monday. In the first settlement, the Cincinnati- based lender will pay $18 million to resolve claims by the Department of Justice...» Read More
A Fed rate hike would affect consumers looking for car and personal loans more than those seeking mortgages, LendingTree founder Doug Lebda tells CNBC.
Doug Lebda, LendingTree CEO, explains how a rate hike would impact mortgages, student loans and auto loans.
Consumer borrowing hits record high in July.
*Financing more common in China for foreign and luxury brands. BEIJING, Aug 28- When China's central bank singled out auto financing companies for extra help on Tuesday, it effectively freed up more than 200 million yuan for Volkswagen AG's China finance unit, which it can use to boost falling car sales, a top official said on Friday. Volkswagen Finance Co Ltd is...
U.S. consumers have $1 trillion of automobile loans outstanding, up from about $700 billion in the first quarter of 2010, according to data from the New York Federal Reserve. The fourth-largest U.S. bank has 56 branches for car and dealer financing, including one it recently opened in Cherry Hill, New Jersey, said Dawn Martin Harp, head of dealer services.
CNBC's Phil LeBeau takes a look at fresh data which shows Americans are holding onto their cars longer.
CNBC's Phil LeBeau takes a closer look at China's auto market.
CNBC's Phil LeBeau has the latest numbers on General Motors auto sales.
CNBC's Phil LeBeau has the latest numbers on Fiat Chrysler auto sales.
CNBC's Phil LeBeau reports the latest data regarding auto sales in the summer months.
Ford is on higher ground after the auto giant announces a car sharing program launching in six U.S. cities and London. CNBC's Phil LeBeau reports.
CNBC's Phil LeBeau reports there were 1.59 million subprime auto loans written year to date, up less than 1 percent compared to this time one year ago, and there is a rotation into pickup trucks.
If you think subprime auto loans are driving sales, think again, reports CNBC's Phil LeBeau, with a break down on the latest numbers.
WASHINGTON, June 10- The top U.S. consumer protection regulator is expanding its oversight to include large non-bank auto financing companies. A new rule issued on Wednesday by the Consumer Financial Protection Bureau means that companies such as Ford and Toyota which operate lending arms that make, acquire or refinance 10,000 or more loans or leases per year...
Car manufacturers and dealers will be hit by rising interest rates more than the consumer, Kelley Blue Book's Matt DeLorenzo said.
Carlos Ghosn, Renault Nissan CEO, shares his thoughts on mergers in the auto industry; the Takata airbag problem, and why he considers Tesla's Elon Musk an ally.
Carlos Ghosen, Renault Nissan CEO, discusses the overall strength of the global auto markets, and what automakers are doing to protect themselves from currency moves.
Lauren Fix,The Car Coach, discusses the car buying environment and the current ease of credit.
CNBC's Phil LeBeau breaks down new car loans in the first quarter, and expectations for May auto sales out tomorrow.