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Rising inventories and the specter of regulation may make it seem like the pandemic auto boom is over, but broader trends could make it a profitable business if banks do it right.
The percentage of U.S. consumers paying at least $1,000 a month for their cars soared to a record, and borrowers may be getting in over their heads.
New York Attorney General Letitia James filed a lawsuit Wednesday against Credit Acceptance Corporation, a subprime auto lending giant she says makes its
A lawsuit says that Credit Acceptance Corp. pushed unaffordable loans onto thousands of low-income New Yorkers; didn't disclose thousands in charges.
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