Blog archive

The CFPB is 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.

See the basics of CFPB’s enforcement action against Wells Fargo, the customers who were affected, and the practices that violated federal law.

CFPB announces a new initiative to address gaps in data and information on the auto lending market.

New CFPB research analyzes how increased car prices are impacting the most economically vulnerable consumers.

Examination of the potential relationship of rising car prices and car loan amounts, and the potential impact on consumers.

Servicemembers face unique challenges in the financial marketplace. The CFPB is working to protect servicemembers and military families from costly auto loans and wrongful repossessions.

Unfair practices – failing to provide refunds of unearned premiums for add-on products and miscalculation of add-on product refunds.

As the economy recovers, the CFPB is closely monitoring auto lending to ensure the market is fair, transparent, and competitive – and is working for American consumers.

This week CFPB partnered with other agencies to ensure that American servicemembers enjoy the full protections of the Military Lending Act.

A new CFPB report looks at subprime auto lending, including the different types of lenders and the interest and default rates for their borrowers.

Since April 2020, Access to new credit cards has decreased, but access to mortgages and auto loans has increased since the start of the 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.

New CFPB research examines trends in consumer credit during COVID-19, finding delinquencies for credit cards, auto loans, mortgages, and student loans remain lower than pre-pandemic levels.

Consumer credit markets in September were still far from their normal operation prior to the pandemic. This blog posts compares the actual volume of credit inquiries to their usual pre-pandemic volume. Credit card and auto loan inquiries remain depressed, while new mortgage inquiries are above their usual level.

Tips for staying on top of your finances during the coronavirus pandemic, particularly if you’ve dodged income loss or major expenses.

If you’re struggling to make your monthly car payments, your auto lender may have assistance options, such as letting you defer payments for a couple months.

When you buy a car, the dealer might offer you optional products or services known as “add-ons”— which could break your budget. Here’s what you need to know.

Don’t let deceptive car ads mislead you when it comes to trading in a car.

One of the first choices you will make in the car buying process is whether to buy a new or used car. While we can’t make that choice for you, here are some things to keep in mind when making your choice.

You might think that the first step in buying a car is to go to a dealership, but if you plan to finance your purchase, you may save money by first shopping for auto financing.

Tips from the CFPB. 9 financial issues people affected by a natural disaster have experienced. Plus, tips and resources to help you pay your bills and avoid debt.

By taking some time to prepare, you can make sure you get the best loan for your situation. CFPB’s Know Before You Owe gives you information and tools to help you better understand your choices.

If you are behind on your auto loan payments, it’s important to take steps to reduce the chance of falling further behind.

We recently published our Consumer Response Annual Report, which provides an overview of the complaints we received in 2016.

Having access to a vehicle can be a lifeline for you and your family if you have limited resources. Before choosing an auto loan, learn four ways you can...