Tag: auto-loans

Capital and Risk, Credit

Goldman Sachs leads $45m funding round in auto finance specialist MotoRefi

June 2, 2021

Via: FinTech Futures

MotoRefi works directly with US credit unions and other lending institutions to enable consumers to refinance their auto loans, claiming an average saving for consumers of $100 a month on their car payments. With the new injection of funds, the […]

Capital and Risk, Credit

Auto loans hit record high, sending borrowers with the best credit to the used market

June 6, 2019


People buying a new vehicle are borrowing more and paying more each month for their auto loan. Experian, which tracks millions of auto loans each month, said the average amount borrowed to buy a new vehicle hit a record $32,187 […]


Wells Fargo Hit With Auto-Loan Lawsuit While Political Backlash Grows

August 1, 2017

Via: TheStreet

Less than a month after Wells Fargo & Co. (WFC)  CEO Timothy Sloan settled one class-action lawsuit accusing the bank of exploiting its customers, the company is grappling with another. This time, however, it’s over unnecessary insurance policies tacked on to auto […]

Capital and Risk, Credit

Could subprime auto loans lead to same economic catastrophe as risky mortgages?

July 27, 2016

Via: Market Watch

More buyers who borrow to purchase used cars may find themselves overextended with a loan that stretches well beyond their fast-depreciating vehicles’ best years, industry watchers have warned. These concerns, and a run-up in sales, have placed a lot of […]