A predatory lending practice in the mortgage industry outlawed by the financial reform bill escaped regulation in the auto lending industry. “Dealer reserve” is a legal practice similar to yield spread premiums; the practice of steering borrowers toward more expensive loans in exchange for a kickback. Although yield spread premiums are now illegal, dealer reserve Read on! →


Ford Explorer: the beginning of a love story The mom-mobile, the beloved suburban conveyor, the best-selling passenger vehicle in America for years on end: In its very success, the Ford Explorer unleashed a pestilence of vehicular obesity.  How did it get so fat?  Love had a hand in it.  People fell in love with the Read on! →


Origination of U.S. auto loans in the first quarter was particularly lively, according to a new report by Experian Automotive. Easier auto lending terms – some of the easiest since the dawn of the recent recession – have opened the door for auto lenders to make more auto loans to customers now considered safe credit Read on! →