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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…

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Auto 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…

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Auto 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….

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Defense 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…

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Experts 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…

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Experts 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. The…

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Millennials 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…

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The 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…

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Subprime 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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