Tag Archives: COVID19

In the spring, insurance companies were happy to say they would be refunding some premiums due to the COVID-19 pandemic. And at first, things looked fine, with some issuing full-month or half-month refunds. But now that we’re closer to a new spring than the old one, the consumer-protection advocacy group …

The Washington PostGetty Images Experts who pay attention to auto loans see trouble on the horizon and think repo men and women will be busy in the new year. Coronavirus era federal stimulus payments and unemployment benefits are mostly finished, and there’s no hint that we’ll get another aid package …

The Consumer Financial Protection Bureau received more complaints about auto loans in the first five months of the pandemic than in any other five-month period since the bureau began tracking the data in its current form starting in April 2017, according to a new report by the U.S. Public Interest …

As vehicle sales fell sharply in the second quarter amid coronavirus pandemic conditions, the amount of subprime consumers originating auto loans slipped to its lowest recorded level, credit bureau Experian said this month. Melinda Zabritski, senior director at Experian Automotive, said subprime market shares have contracted for years after peaking …

Consumers impacted by the coronavirus have a lot to worry about — paying bills, possibly finding a new job and, of course, staying healthy. But chief among those concerns for many is the potential long-term impacts that pandemic conditions may be having on their credit — and whether the process …

Identity theft is the leading cause of concern for auto lenders today, fraud experts say, after a wave of successful phishing attempts masquerading as important information about COVID-19 potentially lured thousands of consumers into giving up personal information. As forbearance and federal stimulus programs come to an end, TransUnion warns …

This content is imported from YouTube. You may be able to find the same content in another format, or you may be able to find more information, at their web site. Swedish hypercar specialist Koenigsegg figured, if you can’t do your actual jobs, why not pretend you’re doing someone else’s? …

Data sets that auto lenders typically use to determine who is creditworthy have been upended by the fallout of the coronavirus, consumer credit experts say. As a result, lenders concerned with loan losses and fraud have clamped down on access for customers they believe pose more risk to their business. …

Thomas Higgins, the incoming director of compliance at the Greater New York Automobile Dealers Association, acknowledges this is a strange time to switch careers. Higgins spent nine years at the New York State Department of Motor Vehicles, most recently as deputy commissioner of compliance. During his tenure, Higgins was in …