Auto Finance & Sales

Auto Finance

Abuses by dealers and finance entities make credit to buy a car more expensive than it should be. They raise interest rates above the rate dictated by a consumer’s credit worthiness, pack transactions with useless add-ons, and discriminate based on race and ethnicity. NCLC works to ensure that families get a fair deal through policies that bring transparency and fairness to car financing, allowing more families to successfully buy and keep a car.

Featured

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Los Angeles Times: Why all Latino wealth is not equal

July 19, 2023

Consumer Advocates Applaud Members of Congress for Supporting FTC Auto Dealer Rule

June 22, 2023

Amicus Brief in CFPB & Attorney General of the State of New York v. Credit Acceptance Corporation

May 22, 2023

NBC News: “With car repossessions and home foreclosures rising, some Americans are living on a financial cliff”

April 29, 2023

NBC News: “The cost of owning a car keeps rising, but a price drop could be on the horizon”

April 8, 2023

NPR: “Even after you think you bought a car, dealerships can ‘yo-yo’ you and take it back”

February 4, 2023

Advocates Praise CFPB, New York AG for Action Against Auto Finance Company

January 6, 2023

Coalition Comments to CFPB  regarding Collection of Data from the Auto Finance Market

December 19, 2022

Consumer Groups Comments to the CFPB Regarding the Need for Additional Auto Finance Data

December 19, 2022

Comments & Letters

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Coalition Comments to CFPB  regarding Collection of Data from the Auto Finance Market

December 19, 2022

Consumer Groups Comments to the CFPB Regarding the Need for Additional Auto Finance Data

December 19, 2022

Comments to the FTC Addressing Auto Sale Add-ons, Price and Financing Disclosures, Yo-yo sales, and More

September 12, 2022

Group Letter to the FTC Addressing Auto Sale Add-ons, Price and Financing Disclosures, Yo-yo sales, and More

September 12, 2022

Group Letter to the Colorado Motor Vehicle Dealer Board

January 23, 2019

Group comments to the Federal Trade Commission on the Magnuson-Moss Warranty Act Review on auto warranties a and defects

October 24, 2011

Reports

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Repo Madness: How Automobile Repossessions Endanger Owners, Agents, & the Public

March 1, 2010

Time to Stop Racing Cars: The Role of Race and Ethnicity in Buying and Using a Car

April 15, 2021

Issue Briefs

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Principles for Laws Permitting Electronic Repossession of Vehicles

January 1, 2020

New Ways to Understand the Impact of Auto Finance on Low-Income Families

May 1, 2016

Testimony

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Testimony During “Examining Discrimination in the Automobile Loan and Insurance Industries”

May 1, 2019

Testimony Supporting Massachusetts Bills H.3314 & S.2227: An Act to End Debt-Based Driving Restrictions and Remove Economic Roadblocks

November 9, 2023

Senate Testimony of Margot Saunders Regarding Protecting Americans from Robocalls

October 24, 2023

Written Testimony on Nursing Home Debt Collection in New York for the Chief Judge’s 2023 Civil Legal Services Hearing

September 13, 2023

Testimony on the 2023 Fair Chance in Employment Act

July 20, 2023

Testimony of Sarah B. Mancini on Alternative Home Financing Before the Senate Banking Subcommittee on Housing, Transportation, and Community Development

July 11, 2023

Testimony in Support of S.2106/H.3196, An Act Relative to Electric Ratepayer Protections

June 5, 2023

Testimony in Support of Delaware Medical Debt Protection Act

May 18, 2023

Letter to the California State Assembly in Support of The End Debtor’s Prison Act (AB 1266 – Kalra)

April 14, 2023

Press Releases & News

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Advocates Praise FTC Action on Discrimination and Abuse at Car Dealer and Urge Further Efforts

May 28, 2020

Los Angeles Times: Why all Latino wealth is not equal

July 19, 2023

Consumer Advocates Applaud Members of Congress for Supporting FTC Auto Dealer Rule

June 22, 2023

NBC News: “With car repossessions and home foreclosures rising, some Americans are living on a financial cliff”

April 29, 2023

NBC News: “The cost of owning a car keeps rising, but a price drop could be on the horizon”

April 8, 2023

NPR: “Even after you think you bought a car, dealerships can ‘yo-yo’ you and take it back”

February 4, 2023

Advocates Praise CFPB, New York AG for Action Against Auto Finance Company

January 6, 2023

West Virginia to Adopt Used Car Donor Tax Credit Program, Incentivizing Donation of Reliable and Affordable Vehicles

March 2, 2020

Motor Vehicle Repossessions

June 4, 2018

From the NCLC Digital Library

Automobile Fraud

NCLC’s treatise on odometer tampering, lemon laundering, and concealment of salvage or other adverse history. Winning investigation and litigation techniques for obtaining punitive damages, rescission, treble damages, or $10,000 statutory damages, and attorney fees.

Read Chapter One

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