New York Agency Investigates Auto Loans

The New York City consumer affairs department has issued subpoenas to two subsidiaries of the Spanish bank Banco Santander, which together are among the country’s largest originators of auto loans. It is investigating whether dealerships that sell… More…


More Expensive Cars Are Leading to Longer-Term Loans

Car loans used to last three or four years, but the average length of a new-car loan is now a record five and a half years, with some loans reaching eight years. More…


Perella Weinberg Said to Merge 2 Subprime Auto Lenders

The asset management arm of the firm will combine the lenders Flagship Credit Acceptance and CarFinance Capital into one company that will enable them to complete larger securitizations at a lower cost. More…


Driving Student Borrowers Into Default

Congress should require private lenders to adopt flexible payment plans for delinquent borrowers. More…