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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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 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

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

April 15, 2021

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

March 2, 2020

Principles for Laws Permitting Electronic Repossession of Vehicles

January 1, 2020

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

Letter Supporting California’s AB 1186, The REPAIR Act, on Youth Restitution

March 23, 2023

Letter Supporting California’s SB 278

March 22, 2023

Letter Supporting California’s AB 1119

March 16, 2023

Testimony on Vermont H.87 Regarding Earned Wage Access Service Providers

March 13, 2023

Statement for the Record for Hearing on “Coincidence or Coordinated? The Administration’s Attack on the Digital Asset Ecosystem”

March 8, 2023

Chi Chi Wu’s testimony in support of  Excluding Medical Debt Information from Consumer Reports (Colorado)

February 22, 2023

Testimony Before the Connecticut General Assembly Regarding Raised Bill No. 988

February 14, 2023

Consumer Groups Statement of Opposition to Bill that Would Preempt Stronger State Privacy Law

February 8, 2023

Press Releases

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

May 28, 2020

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

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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