Proposed Virginia Car-Title Loan Regulations are Criticized
November 16, 2009
You see the care loan title businesses everywhere and they are often payday loan operations also. Some people are opposed to these businesses because the lenders charge excessive interest rates and fees on the assets of desperate consumers. To some these places are like predatory lenders rather than legitimate operations. Read more
Cash for Clunkers Had Some Clunker Results
November 9, 2009
A lot of taxpayer money has been thrown around recently in the automotive sector. The federal government is contemplating its third round of bailouts for an ailing auto industry. Read more
New Predatory Lending Regulations Go Into Affect
November 3, 2009
Congress has passed new regulations concerning mortgages and predatory lending. The purpose of these regulations is to prevent lenders from selling mortgages riddled with fine print that binds consumers financially in ways unbeknownst to them. Read more
U.S Driving Survey Shows Less Driving By Americans In 2009
September 24, 2009
A recent survey conducted by GMAC Insurance has revealed that about 30% of the participants polled have declared their plans to do less driving in the next 12 months. Read more
Can You Find Bad Credit Auto Loans With Low Rates
September 22, 2009
Now, more than ever, subprime auto lenders are filling the gap created by the closing of many auto-financing companies. In fact, it is now possible to secure bad credit auto loans at far more affordable rates and flexible terms than ever before. Read more
Cash For Clunkers Criticized
September 14, 2009
Prior to the establishment of the Cash for Clunkers there were a number voices that were critical of the program’s viability. The sentiment was that while the program sounded good on the surface but it wasn’t good overall for the national economy. Read more
Bank Of America Selling Auto Loan Bonds
September 8, 2009
In a recent announcement, the Bank of America Corporation has said that it plans to sell those bonds that are backed by auto loans and eligible for a special program offered by the Federal Reserve that would reinvigorate weak lending markets. Read more
U.S. Automakers’ Small-Car Output May Outstrip Demand
September 4, 2009
Big automakers, GM, Ford, and Chrysler are taking advantage of government incentives to design and build more fuel-efficient models, and are prepared to increase small-car production capacity by 63% by 2015, a move that may go well beyond the projected customer demands. Read more
GM Expected To Continue Leasing New Cars
August 4, 2009
Well, it’s official. General Motors, as well as its lending affiliate, GMAC, are expected to resume vehicle leasing as soon as August 1 following a yearlong suspension of all participation in the leasing markets. Read more
Auto Loan-Backed Proposals Make Majority of 2009 Issuance
July 30, 2009
It looks like those bonds that are back by auto loans constitute the larger portion of the asset-backed deals that have been issued so far this year. Read more
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