TransUnion Predicts Auto Loan Lending and Delinquency Rise in 2014
According to a TransUnion report, 2014 will be a year of increases in both auto loan lending and payment delinquencies. The average automotive debt per…
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CFPB Fights Auto Loan Lenders and Dealers Over Dealer Reserve
The CFPB is gearing up to change lending rules for auto loan lenders in 2014. The Bureau alleges that dealer reserve, which is a kickback…
→ Read MoreAuto Loan Lending Booms Due to Perfect Storm
According to a recent Experian report, the nation’s auto loan balance has reached a new peak of $782.9 billion. This is an increase of $103…
→ Read MoreAuto Debt Reaches New High According to Fed Report
The total amount of auto loan debt reached historic highs this fiscal quarter according to a report by the Federal Reserve Bank of New York….
→ Read MoreDefense Department May Update Military Lending Act
The Secretary of Defense and the Defense Department are pondering an update to the Military Lending Act in the wake of the lending industry’s growth…
→ Read MoreExperts Say Boomers Have More Success Getting Car Loans
As younger generations continue to struggle amid rising debt and low employment, experts say that the Baby Boomer generation has more car buying power and…
→ Read MoreExperts Say Tesla’s Driverless Cars Won’t Change Auto Loan Lending
Tesla, the technological innovator behind the newest electric automobiles, has announced that it will be competing with Google by developing and selling driverless cars. Companies…
→ Read MoreMillennials Don’t Borrow Car Loans
American car culture might be in trouble. Millennials just don’t share the car enthusiasm of previous generations. Generation Y neither cares to borrow car loans…
→ Read MoreThe Hyperloop Battles Against the Car Industry
Long distance ground mass transit systems have never been America’s forte. The age of the trains are long gone, along with the plumes of coal…
→ Read MoreSubprime Auto Lending on the Rise
Subprime lending is growing according to two industry reports. Studies by Experian Automotive and the Federal Reserve Bank of New York found that auto loans…
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