The bureau's new rules could eventually level the playing field between banks and nonbanks.
A new service from Equifax allows credit unions to see what happened to auto loans they denied or otherwise failed to book.
Tool tracks applicants who did not receive credit union loans to find out where they financed.
The CFPB proposes regulatory authority over auto lenders that make at least 10,000 loans or leases per year.
Speed is the common denominator when shoppers hit dealer lots for quick financing.
Snubbed by lenders, entrepreneurs are taking their pitches to the people.
Center for Responsible Lending finds Hispanic and black car buyers receive higher interest rates on loans financed through dealerships.
A couple of key stats offer a glimpse of where credit unions may need to continue to look when targeting car shoppers.
Despite attempts to negotiate at dealerships, Hispanic and black car buyers pay higher rates according to CRL report.
Credit reporting agency credits lenders' risk assessment, portfolio management and credit availability for record numbers of auto loan originations.