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CARES Act, established protocols key to protecting customer credit

Automotive lenders have rallied around consumers during the coronavirus outbreak by halting repossessions, allowing payment deferrals on auto loans and extending leases. To continue protecting consumers, some industry experts say lenders need to ensure that late, missed or deferred auto-loan payments from customers impacted by COVID-19 won’t be counted against …

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2020 Hyundai Sonata recalled for faulty smart parking system

Hyundai will recall more than 11,000 2020 Sonata sedans and 2020 Nexo crossovers equipped with a remote parking system that may operate even if the vehicles are in a “fail-safe” mode that should disable the parking system, the automaker announced this month.  In documents filed with federal safety regulators, Hyundai …

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