Browsing: Auto lending

Compliance and Risk

In a comment letter to the Department of Defense today, ABA called on the Pentagon to repeal a section of the amendments to its Military Lending Act interpretive rule relating to service members’ ability to finance the purchase of Guaranteed Acceptance Protection insurance with a loan used to purchase the vehicle.

Commercial Lending

More bankers began easing credit standards and terms amid weakening demand for a wide swath of commercial and real estate loan products in the third quarter, according to the Federal Reserve’s latest senior loan officer opinion survey released today.