CFPB Must Supervise Auto Finance, Debt Collection, Credit Reporting, and International Remittance Industries
Rigorous Supervision Is Needed to Protect People from Financial Abuse
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Comments to the Consumer Financial Protection Bureau Regarding Defining Larger Participants of the Auto Financing Market
The National Consumer Law Center submitted comments, co-authored by the Consumer Federation of America, to the Consumer Financial Protection Bureau regarding the Bureau’s notice that it is considering amending which participants in the auto finance market are considered larger participants. Entities defined as larger participants are potentially subject to supervision by the CFPB and the…
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USA Today: How to get the best car loan before you visit the dealership
Appearing in USA Today on Aug. 14, 2025, Susan Tompor talks to John Van Alst, senior attorney at the National Consumer Law Center about how borrowers can save money and get the best financing for a vehicle purchase. About 75% of car buyers who finance cars and trucks do so at the dealership, said John…
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Driving Out of Poverty in Private Automobiles
When America set out to replace welfare with work, it was generally recognized that the transportation needs of new workers would have to be met in order for this reform policy to succeed. Four years after the full implementation of welfare reform, the lack of an adequate transportation solution has emerged as one of the…
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Imperfect Competition in Auto Lending: Subjective Markup, RacialDisparity, and Class Action Litigation
While the market for auto lending at first appears to be highly competitive, manyconsumers lack the ability to obtain accurate information about price. In many markets,uninformed consumers can “free ride” off the knowledge of informed consumers. However, the market for auto lending differs from traditional markets because priceultimately depends upon both the credit worthiness of…
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AG Healey Sues Haverhill Car Dealership for Pricing Discrimination
Complaint Alleges Jaffarian Volvo Toyota Charged Black and Hispanic Customers Higher Prices and Markups for Add-On Products and Services Than Similarly Situated White Customers BOSTON — Attorney General Maura Healey announced today that her office is suing a Haverhill car dealership for engaging in unfair, deceptive, and discriminatory pricing practices against Black and Hispanic customers by illegally…
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2025 Consumer Protection Federal Priorities
NCLC will pursue common-sense regulatory and legislative reforms to ensure fairness, fight fraud, and protect consumers in 2025.
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The New York Times: What to Do if You Fall Behind on Auto Loan Payments
Originally appearing in The New York Times on October 11, 2024, Ann Carrns interviews John Van Alst for coverage of how more automobile owners are falling behind on their payments, and a new report that suggests that lenders have sometimes been overzealous in repossessing cars. Americans depend on cars to drive to jobs and doctor…
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ProPublica: What No One Tells You About Car Loan Deferments
Appearing in ProPublica on September 12, 2024, Byard Duncan, Ryan Gabrielson, and Lucas Waldron interviewed John Van Alst for a story about how if you defer a car payment, you’ll likely end up owing more at the end of your loan. ProPublica also provides a free auto loan calculator tool built to help borrowers figure…
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Amicus Brief: Ochoa v. Ford Motor Company
NCLC joined other consumer and workers’ rights advocates in this case involving equitable estoppel and forced arbitration. The amicus brief explains how an arbitration-specific version of equitable estoppel imposed by some courts to allow non-signatories to enforce an arbitration clause is wholly divorced from the traditional principles and interpretations of the doctrine, which require a…
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Broad Coalition of 104 Organizations Tell Congress to Support FTC CARS Rule
The Rule will bring some long overdue relief to car buyers who are tired of dishonest pricing, and will pave a path for the FTC to pursue future rulemakings to regulate car dealers.
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Consumer Group Comments Urging CFPB to Continue and Expand its Auto Data Collection Project
Consumer groups applaud the Consumer Financial Protection Bureau (CFPB) effort to improve the collection and dissemination of auto finance data as part of its efforts to monitor the auto finance market for risks to consumers.
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