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Category: At the CFPB | Category: Data, research, and reports |
Published

Our auto finance data pilot

We are piloting a new collection of auto data. As part of that effort, we issued orders to nine large auto lenders to provide information about their auto lending portfolio. Through this effort we will be better able to monitor the auto market and plan to share results with the public.

Category: Info for consumers |
Published

ما هو المستقبل لمصرف Wells Fargo وعملائه

نتيجة لإجراءات الإنفاذ التي اتخذها مكتب الحماية المالية للمستهلكين CFPB ضد مصرف Wells Fargo، قد يتوقع عملاء قروض السيارات والرهون العقارية والأعمال المصرفية تلقي مدفوعات تساعد في تعويضهم عن الممارسات غير القانونية للمصرف.

Category: Info for consumers |
Published

Что следует ожидать банку Wells Fargo и его клиентам

В результате правоприменительных мер, наложенных CFPB на Wells Fargo Bank, его клиенты, получавшие услуги в области автокредитования, ипотеки и банковского бизнеса, могут получить выплаты с целью возмещения ущерба, причиненного незаконными действиями банка.

Category: Info for consumers |
Published

Điều gì sẽ xảy ra sắp tới với Wells Fargo và khách hàng của họ

Do hành động thực thi của CFPB đối với Ngân Hàng Wells Fargo, khách hàng của các dịch vụ cho vay mua ô tô, thế chấp và ngân hàng của Wells Fargo có thể mong đợi nhận được các khoản tiền, giúp bù đắp cho các thông lệ bất hợp pháp của ngân hàng.

Category: Data, research, and reports |
Published

Mejorando la data del público usada en préstamos automotrices

Los préstamos automotrices representan la tercera porción más grande del mercado de créditos al consumidor. Aunque más de 100 millones de personas tienen préstamos para autos, este siempre cambiante mercado carece de data detallada. Estamos buscando información del público sobre data clave en el crédito automotriz.

Category: Data, research, and reports |
Published

Enhancing public data on auto lending

Auto loans represent the third largest credit market. While more than 100 million Americans have an auto loan, we lack granular data on this rapidly changing market. The CFPB is seeking input from the public on key auto lending data.

Category: Policy and compliance |
Published

Overcharging for add-on products on auto loans

The Division of Supervision, Enforcement, and Fair Lending is taking action against sloppy servicing practices that cause consumer harm, such as unfair practices that may occur when add-on products terminate. We will continue to scrutinize servicer practices to make sure that borrowers aren’t overcharged when their loans end early.

Category: At the CFPB |
Published

Rising car prices means more auto loan debt

Due to its size and impact on Americans’ everyday lives, we are closely monitoring auto lending. As the economy recovers, we need to ensure that the market is fair, transparent, and competitive – and is working for consumers.

Category: Data, research, and reports |
Published

Credit access declined during the pandemic for credit cards, but increased for mortgages and auto loans

This post is the fifth in a series documenting trends in consumer credit outcomes during the COVID-19 pandemic. Access to new credit cards has decreased, but access to mortgages and auto loans has increased since the start of the pandemic.

Category: Data, research, and reports |
Published

Trends in Reported Assistance on Consumers’ Credit Records

This post is the second in a series documenting trends in consumer credit outcomes during the COVID-19 pandemic. Since July 2020, consumers have transitioned out of assistance to varying degrees across all credit products, but a significant share of mortgage borrowers continue to receive assistance.

Category: Data, research, and reports |
Published

Delinquencies on credit accounts continue to be low despite the pandemic

New Bureau research examines consumer credit trends through April 2021, finding little increase in delinquencies on credit cards, auto loans, mortgages, and student loans during COVID-19. Delinquency rates also remain lower than pre-pandemic levels, likely as a result of public and private interventions.

Category: Data, research, and reports |
Published

Credit applications remain depressed for credit cards and auto loans

In this update to our May 2020 report examining the effects of the COVID-19 Pandemic on credit applications, we find that credit card inquiries were still 30 percent below their pre-pandemic levels in September, while auto loans were depressed by 20 percent.