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Auto Loans
Wells Fargo is shelling out $1 billion in penalties to regulators. Affected car and home loan borrowers can expect to get their money back. Here's what they should know.
WASHINGTON, April 18- The U.S. Senate voted 51-47 on Wednesday in favor of a resolution undoing the Consumer Financial Protection Bureau's 2013 guidance restricting how car dealers extend auto loans to consumers, in the latest move to weaken the agency. The Senate's action on the resolution, which was introduced by Republican Senators Jerry Moran and Pat...
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WASHINGTON, April 18- The U.S. Senate voted 51-47 on Wednesday in favor undoing the Consumer Financial Protection Bureau's 2013 guidance restricting how car dealers extend auto loans to consumers, in the latest move to weaken the agency. The vote to overturn the consumer watchdog's indirect auto-lending rule, was debated on the Senate floor on Tuesday for 10...
WASHINGTON— The Latest on legislation that would overturn guidance on discrimination in auto loans:. The GOP-led Senate has voted to block guidance a consumer protection agency issued five years ago to help ensure minority car buyers don't pay higher interest rates on car loans. Joe Manchin of West Virginia was the only lawmaker to cross party lines, voting yes.
WASHINGTON, April 18- The U.S. Senate voted 51-47 on Wednesday in favor undoing the Consumer Financial Protection Bureau's March 2013 guidance restricting how car dealers extend auto loans to consumers. The vote to overturn the consumer watchdog's indirect auto-lending rule, was debated on the Senate floor on Tuesday for 10 hours. It must be debated and voted...
New standards that took effect this week strip tax lien information from credit reports. Some scores will move higher as a result.
Higher car prices, longer loan terms and climbing interest rates make the average cost to own a new car about $6,500 higher than it was in 2013.
Congress expressly prohibited such regulation when establishing the consumer protection agency through passage of the Dodd-Frank Act in 2010.. The Congressional Review Act gave Congress the ability to overturn recently issued federal rules with a simple majority of both chambers of Congress and approval of the president. Before President Donald Trump...
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WASHINGTON, April 17- The U.S. Senate voted 50-47 on Tuesday in favor of debating whether to undo the consumer watchdog's March 2013 guidance restricting how car dealers extend auto loans to consumers.
U.S. SENATE VOTES TO DEBATE UNDO CONSUMER FINANCIAL PROTECTION BUREAU'S GUIDANCE ON AUTO LOAN CAPS FOR DEALERS.
New standards, which take effect April 16, will strip tax lien information from credit reports. Some scores will edge higher as a result.
NEW YORK, March 21- The effects of the expected Federal Reserve interest rate hike on Wednesday will extend beyond corporate America to household budgets. Most people will see at least a minor impact on their credit card statements in the next few billing cycles, while those with adjustable-rate mortgages, home equity lines of credit, auto loans and other loans...
DUBAI, March 21- As Saudi women get the right to drive and have more chances to work, increased economic activity among an entire half of the population is an opportunity for banks, the head of one of them said. Al Rajhi Bank, Saudi Arabia's second largest by assets, has opened 133 female-only branches and even has a car showroom for women to help them access car loans,...
Jim Cramer warns investors to stay away from automakers' stocks given the influx of negative catalysts plaguing the industry.
Jim Cramer warns investors to stay away from automakers' stocks given the influx of negative catalysts plaguing the industry.
Jim Cramer warns investors to stay away from automakers' stocks given the influx of negative catalysts plaguing the industry.
CNBC's Phil LeBeau reports on the trends for consumer auto loans as amounts borrowed and the time it takes to repay them grow.
The three-day weekend is the first big sales push of the year at car dealerships.
The average dealer incentive on new vehicles is at about $4,300, an all-time high.
Aggressive dealer incentives make this week a prime time to find a good deal on a new car.
