An increased number of consumers are struggling with monthly auto loan payments, which have risen due to rising car prices, higher financing costs and increased interest rates.
Today, the Consumer Financial Protection Bureau (CFPB) filed a notice informing the court in NTEU v. Vought that the Department of Justice’s Office of Legal Counsel (OLC) has determined that the Bureau may not legally request funds at this time from the Federal Reserve under Dodd-Frank.
The decision, disclosed in a court filing, puts the Consumer Financial Protection Bureau on track to shut down in ‘early 2026’ when its remaining cash runs out.
The Federal Open Markets Committee has decided to lower the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4%, in support of its goals and in light of the shift in the balance of risks, it reported Oct. 29.
Earlier this month, California Governor Gavin Newsom signed the California Combating Auto Retail Scams (CARS) Act into law.
September brought signs of a cooling automotive market as new vehicle sales dropped by 7.5% and new vehicle inventory rose more than 60,000 units from 2.83 million to 2.89 million.
Privacy4Cars has been named among America’s Top Small Businesses and recognized as this year’s Global Stars honoree on the CO—100: America’s Top 100 Small Businesses list.
New-vehicle financing trends in Q3 2025 continue to underscore the affordability challenges facing car shoppers, according to the latest analysis from Edmunds.
Americans are struggling to pay their bills, and the collapse of a major auto lender shows just how dire things are getting.
Moving forward, the name on a vehicle title application must now match the owner's name as it appears on their government-issued identification, such as a driver's license or state ID card. The only exceptions are for vehicles titled in a business or trust name.
Read MoreA New Jersey man pleaded guilty today in federal court in the Northern District of Oklahoma to leading a multi-state operation that stole thousands of catalytic converters from private vehicles and sold them on a secondary market for millions of dollars, based on the value of the precious metals that the converters contain.
Kerrigan Advisors, a sell-side advisor to auto dealers nationwide, represented Atlanta-based Asbury Automotive in the sale of its Larry H. Miller Ford, Chevrolet and CDJR dealerships in Provo, Utah to Salt Lake Valley Auto Group.
A U.S. appeals court on Monday threw out consumer protection rules adopted by the Biden administration to ban bait-and-switch tactics and prohibit auto dealers charging for add-on costs that do not benefit new car buyers.
Today, the Consumer Financial Protection Bureau (CFPB) published a report showing that the rate of auto repossessions at the end of 2022 surpassed pre-pandemic levels.
The Consumer Financial Protection Bureau (CFPB) today ordered the American Honda Finance Corporation to pay $12.8 million for reporting inaccurate information that affected the credit reports of 300,000 people who drive Honda and Acura vehicles.
The Federal Trade Commission and Maryland Attorney General have charged Lindsay Automotive Group with systematically deceiving and overcharging car-buying consumers for years, costing them millions of dollars in junk fees and unwanted add-on products.
In light of a December 23, 2024, federal Court of Appeals decision, reporting companies, except as indicated below, are once again required to file beneficial ownership information with FinCEN. However, because the Department of the Treasury recognizes that reporting companies may need additional time to comply given the period when the preliminary injunction had been in effect, we have extended the reporting deadline as follows:
Read More