TRUTH IN LENDING ACT FOR AUTO LOANS – EFFECTS ON LENDERS

The defi Team auto loan origination software, Automation, Compliance, defi INSIGHT, Digitalization, Loan Management, Loan Origination Software, Simplifying Processes, Technology

Passed in 1968, the Truth in Lending Act encourages accuracy among consumer lenders by requiring they disclose certain terms when offering a loan. Modern lending platforms can support an auto lender’s compliance with this act and associated regulations.

Electric vehicle lending graphic

UNDERSTANDING ELECTRIC VEHICLE LENDING MARKET SHARE FORECAST FOR LENDERS’ GROWTH POTENTIAL

The defi Team 3rd party integrations, Automation, Community Banking, Compliance, defi CONNECT, defi INSIGHT, defi LOS, Digital Loan Documents, Digitalization, Electric vehicle lending, Fraud, Instant Integrations, Loan Management, Simplifying Processes, Technology

The quickly growing market for sustainable personal transportation is also driving more electric vehicle lending. According to a report by …