GM Financing Plans May Put Chrysler At Disadvantage

Senate votes to ban higher pay for offering higher-interest loans
Taking aim at deceptive lending, the Senate voted Wednesday to ban mortgage brokers and loan officers from getting greater pay for offering higher interest rates on loans and to require that borrowers prove they can repay their loans.
GM Financing Plans May Put Chrysler At Disadvantage
Chrysler CEO wary of being at competitive disadvantage with General Motors when it comes to offering lease and loan deals to consumers if GM buys GMAC back.

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Tagged with: Chrysler • Disadvantage • Financing • Plans