Sentences with phrase «auto lending by»

Not exact matches

Our CEO, Snehal Fulzele, gave a demonstration of the new CL Originate solution and introduced the concept of 6 - ClickTM lending powered by our powerful origination and auto - decisioning capabilities.

In the third quarter, there were fewer foreclosures, increased credit - card and auto lending (indicators of rising consumer confidence), and an overall drop in our collective debt load, led by decreasing mortgage debt.

Unscrupulous auto dealerships often engage in lending practices that mirror the subprime mortgage crisis, and we need to take action now to protect our most vulnerable residents from being hurt by these deceptive practices,» said Senator Klein.

Because of their unsecured nature, personal loans differ from auto loans, which come with a lien against the vehicle, and mortgages, which are backed by the asset of the home, says Todd Nelson, business development officer with Lightstream, the San Diego - based online consumer lending division of SunTrust Bank.

It's also true it doesn't take much of a rocket scientist to understand that by tightening down the lending criteria for consumers looking for new auto loans this would be an expected result.

On top of this, since sub-prime borrowers could theoretically have a better chance at finishing repayment, it could be assumed that auto lenders are reducing their risk by lending a long - term loan to a sub-prime consumer.

The checks should be the mail for consumers affected by alleged improper auto loan and mortgage practices at lending giant Wells Fargo.

The Consumer Financial Protection Bureau's (CFPB) auto lending rules were fashioned to protect consumers who had indirect auto loans financed by banks through a dealership.

Under the authority granted by the Congressional Review Act, the House of Representatives passed a measure on May 8 to roll back an Obama - era rule on auto lending practices issued by the Consumer Financial Protection Bureau (CFPB).

For instance, an investigation by the National Fair Housing Alliance into discriminatory auto lending revealed white borrowers with lower credit scores were given cheaper financing options than non-white consumers with better credit scores.

It is expected that the U.S. Senate Banking Committee will soon repeal the CFPB's auto lending rules.The Consumer Financial Protection Bureau's (CFPB) auto lending rules were fashioned to protect consumers who had indirect auto loans financed by banks through a dealership.

In the third quarter, there were fewer foreclosures, increased credit - card and auto lending (indicators of rising consumer confidence), and an overall drop in our collective debt load, led by decreasing mortgage debt.

Construction and development lending by U.S. banks rose 13 percent in 2015 and 14 percent in 2016, even as banks pulled back from lending in areas including residential mortgages, autos, and commercial and industrial.