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Auto Finance: Market Trends
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The Financial Consumer Agency of Canada (FCAC or the Agency) recently conducted research in the autolending space to better understand market conduct, the regulatory framework, and growing microeconomic risks. This report focuses on the auto loans offered by federally regulated lenders and the risks posed to consumers by extended-term loans. It offers a high-level summary of FCAC’s research findings, and how the Agency plans to respond to the risks identified.
Author: FCAC - Financial Consumer Agency of Canada
Topic: Consumer protection
Publisher: FCAC - Financial Consumer Agency of Canada
Location: Canada
Format: Report
Content Type: Research
Publication Date: March 31, 2016