Category: Car Lending

`Painless’ finance seen as key to growth

In the face of aggressive competition, Dunedin-headquartered Motor Trade Finance has posted slight declines in sales and market share but maintains a positive growth outlook for the remainder of the year. For its half-year trading to March, vehicle finance lender MTFs total assets grew from $566.4million a year ago to $570million, but sales decreased 5%, […]

CFPB based anti-discrimination settlements on ‘half-baked’ statistics

Newly uncovered internal memos reveal the Obama administration knowingly exaggerated charges of racial discrimination in probes of Ally Bank and other defendants in the $900 billion car-lending business as part of a racial justice campaign thats looking more like a massive government extortion and shakedown operation. So far, Obamas Consumer Financial Protection Bureau has reached […]

Fitch Affirms 6 Foreign-Owned Russian Banks

(The following statement was released by the rating agency) MOSCOW/LONDON, February 02 (Fitch) Fitch Ratings has affirmed the Long-term foreign currency Issuer Default Ratings (IDRs) of AO Raiffeisenbank (RBRU), AO UniCredit Bank (UCB), AO Citibank (CITI), Rosbank (RB), Rusfinance Bank (RFB) and DeltaCredit Bank (DCB) at BBB- with Negative Outlooks. A full list of rating […]

Obama bullied bank to pay racial settlement without proof: report

Newly uncovered internal memos reveal the Obama administration knowingly exaggerated charges of racial discrimination in probes of Ally Bank and other defendants in the $900 billion car-lending business as part of a “racial justice” campaign that’s looking more like a massive government extortion and shakedown operation. So far, Obama’s Consumer Financial Protection Bureau has reached […]