Auto Loan news and trends

Americans’ Debt Level Hits New High
Debt // August 16, 2017

America’s debt level hit another record high in the second quarter, after having surpassed its pre-crisis peak earlier in the year. According to Reuters, total U.S. household debt was $12.84 trillion in the three months to June, up $552 billion from a year ago, according...

AutoGravity On Why Car Buying Can Be Friction-Free
Alternative Finances // July 11, 2017

There’s nothing like that new car smell. And the fun of driving a new car off the dealer’s parking lot. But the process of getting there is anything but fun, especially if one is financing a car. Even when the process has gone swimmingly and the...

FTC Sends Out Checks To Consumers Affected By Auto Loan Modification Scheme
Fraud Prevention // June 16, 2017

The Federal Trade Commission (FTC) announced news that it is mailing 288 checks totaling more than $109,000 to victims of an auto loan modification scam. According to a press release, Regency Financial Services promised to get customers better terms for their auto loans and car interest...

BoA Debuts In-App Auto Financing Via Mobile App
Mobile Applications // May 31, 2017

Bank of America announced Tuesday (May 30)that it bas launched new capabilities for mobile clients to complete the auto financing process with the company. In a press release, the bank said clients can now search for a car from participating dealerships – on their mobile device or...

Interviews & Exclusives
AutoGravity On Why Car Buying Can Be Friction-Free

July 11, 2017
There’s nothing like that new car smell. And the fun of driving a new car off the dealer’s parking lot. But the process of getting there is anything but fun, especially if one is financing a car. Even when the process has gone swimmingly and the customer has found the right ride, in the right color, with the […]

Quick Reads
Americans’ Debt Level Hits New High

August 16, 2017
America’s debt level hit another record high in the second quarter, after having surpassed its pre-crisis peak earlier in the year. According to Reuters, total U.S. household debt was $12.84 trillion in the three months to June, up $552 billion from a year ago, according to a Federal Reserve Bank of New York report. There […]

FTC Sends Out Checks To Consumers Affected By Auto Loan Modification Scheme

June 16, 2017
The Federal Trade Commission (FTC) announced news that it is mailing 288 checks totaling more than $109,000 to victims of an auto loan modification scam. According to a press release, Regency...

BoA Debuts In-App Auto Financing Via Mobile App

May 31, 2017
Bank of America announced Tuesday (May 30)that it bas launched new capabilities for mobile clients to complete the auto financing process with the company. In a press release, the bank said clients...

Santander To Pay $25M To Resolve Auto Loan Allegations

March 30, 2017
Santander Consumer USA Holdings Inc, a unit of Spain’s Banco Santander, will pay nearly $25 million to two U.S. states — $22 million to Massachusetts and $2.87 million to Delaware —...