The CFPB proposes regulatory authority over auto lenders that make at least 10,000 loans or leases per year.
CU Times editorial cartoons are developed by reporters, correspondents, artists and editors.
TransUnion reports rate of delinquent auto loans rises by 9% in the second quarter.
Members apply for $4 million in loans each day.
Credit unions fare the worst compared to other lenders in 30-day and 60-day delinquency increases.
Total credit union auto loans outstanding tops $191 billion in the second quarter.
At $25 billion, credit unions ahead of finance companies in year-over-year quarterly loan volume.
Credit unions that compare how many auto loans come from indirect channels to how many originate organically may be in for a shock.
Duane Akuffo receives sentence for more than $530,000 worth of bogus auto loans.
While all asset classes are now reporting loan growth, disparity exists between large and small credit unions, CUNA Mutual says.