One of the more careless practices that necessitated the subprime bailout was sloppy loan underwriting procedures. Lenders did not sufficiently weigh the risk of lending to consumers who were hard-pressed to repay, leading to excessive loan default. Wards Auto reports that this has led vehicle finance companies to take a closer look at incoming auto Read on! →

An auto dealer exemption was tacked on to the financial reform bill. The auto dealers’ exemption allows them to escape auto lending regulation that could have prohibited many common deceptive auto lending tactics. In case you are thinking about getting your first car, these are the things you have to know first. Before getting auto Read on! →