Sections
auto loans
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3.2KEconomyDefault Rates Remain Stable In First Month Of New Year
S&P Dow Jones Indices and Experian Wednesday (Feb. 20) released the S&P/Experian Consumer Credit Default Indices data, representing a comprehensive measure of...
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4.3KEarningsLendingClub Loan Applications Surge 18 Pct Despite Earnings Miss
LendingClub shares sank on guidance that missed the Street, but management said fourth quarter lending activity was strong across personal and auto...
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2.1KEconomyCar Loan Delinquencies Flash Warning Signs On Credit?
Might the latest data on car loans – to be specific, delinquencies on those car loans – offer flashing warning signs on...
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3.0KSubscriptionsCA Auto Dealers Want To Put Brakes On Volvo Subscriptions
In an effort to halt Volvo from offering cars to consumers through subscriptions, the California New Car Dealers Association (CNCDA) filed a...
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5.0KEconomyExperian: Loan Default Rates Rose In Dec
S&P Dow Jones Indices and Experian released data through December of 2018 on Tuesday (Jan. 15) that showed default rates across all loan...
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3.4KEarningsChase Active Mobile Users Hit 33.3M
In what is becoming what seems to be a familiar theme as banks report earnings, trading revenues plummeted at the end of...
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6.7KEconomyAmericans Aren’t Struggling Despite Rising Consumer Debt
Consumer debt is at a record level — but in terms of handling it, there are no signs that Americans are struggling,...
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4.0KConsumer FinanceConsumer Credit Default Hits Low For Nov 2018
New data has found that the default levels for bank cards, auto loans and first mortgages have reached their lowest levels of...
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3.9KLoans
Auto Sub-Prime Loans Reach Lowest Level In 11 Years
A new report has revealed that auto sub-prime loans have reached their lowest level in 11 years. According to Experian’s Q3 2018...
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4.7KDebtLendingTree: US Consumer Debt Approaching $4T
LendingTree said in its debt report for the month of November that based on recent holiday shopping and credit card spending, credit...
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8.4KRegulationWells Fargo Balks At Auto Loan Scandal Compensation Remedy
Wells Fargo is trying to avoid compensating all of the 600,000 drivers affected by its auto loan scandal. In June, Wells Fargo...
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5.1KAlternative FinancesSub-Prime Lending’s Late-Year Bounce
According to the latest Q3 2018 TransUnion’s Industry Insights Report the back half of 2018 has been a good year for sub-prime borrowers looking for access to...
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5.5KLoansMoody’s Sees Improving Charge-Off Climate
Moody’s said in its latest reading of the “pulse of the consumer” that in viewing the charge-off rate, growth had slowed among...
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3.3KLoansDealers Changing Terms On New Car Financing
With interest rates rising, auto lenders are reigning in their 0 percent financing deals that have become the norm over the past...
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2.8KDebtUS Credit Scores Soar To 704, But Debt Looms
New data shows that as U.S. credit scores hit their highest point since the Great Recession, Americans are also borrowing more than...
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3.3KConsumer FinanceA Decade On, Lending Transformed By Crisis And Innovation
Necessity is the mother of invention. Invention can become necessity. And in lending, with the financial crisis in the rearview mirror, a...
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6.1KEcosystemsHow Millennial Drivers Are Changing Automotive Practices
Will younger consumers ever know the unique joy of learning to drive on a gas-guzzling Detroit beater — one of those big cars...
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6.6KLoansWill Consumers Take On Too Much Debt In 2018?
The rate of credit card delinquencies jumped 52 basis points (BPS) in the first quarter (Q1) of 2018, and will likely continue...
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3.3KSizzle/FizzleLyft Sizzles, Auto Loans Fizzle And The Grocery Wars Heat Up For Summer
Sizzle Of The Week: The Race for Grocery Gold Much of commerce activity is ruled by tastes, trends and the occasional fad;...
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3.3KConsumer FinanceMoody’s: Underwriting Standards Loosen, A Bit, In Q1
It got a little easier to get credit in the first quarter, said Moody’s on May 8, but auto loans bear watching....
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3.0KLoansSome US Loan Standards Ease In Q1, But Not Credit Card Or Auto Loans
Lending standards for business loans eased at U.S. banks in the first quarter of the year, according to a new report from...
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6.3KConsumer FinanceData Shows Credit Card Usage On The Rise As Delinquency Rates Climb
A new report from TransUnion shows that credit card usage continued to rise, as delinquency rates per borrower also increased. The Q1 2018...
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2.0KCFPBSenate Vote On CFPB Auto Lending Rule Planned For Next Tuesday
The Senate is set to vote to rescind the Consumer Financial Protection Bureau’s rule on auto lending as early as this coming...
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3.5KNews
Wells Fargo Reviewing Aftermarket Auto Products To Get Ahead Of Any Issues
Wells Fargo is expanding the review of its auto products and the services it finances after customers purchase a vehicle at an auto...
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4.6KAlternative FinancesHoncker’s New Lease On Auto-Leasing
There are aggregators for just about everything these days, and loans of all types. Now we can add car leasing to the...
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8.6KAlternative FinancesWhat The Climbing Debt Defaults Really Mean For The Economy
By many measures, the economy looks strong. The stock market — despite a fairly steepWh correction a week ago — is still well...
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4.0KEarningsCapital One Misses 4Q Estimates As Net Charge-Offs Grow
Capital One missed estimates, adjusted for impact of the tax bill that was signed last year as loans grew across cards and...
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6.6KSubscription CommerceHow Subscriptions Are Changing Car Ownership
To say that the Great Recession changed consumer buying outlooks across a variety of categories is not a controversial statement so much...
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7.4KInvestmentsAuto Asset-Backed Securities Surge; Could Create Trouble In 2018
Auto asset-backed securities (ABS) hit a post-financial crisis high this year in the U.S., which could set up some trouble in the...
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3.5KToday In DataToday In Data: Ridesharing, Employee Theft And American Spending
It seems individuals will always find a way to get the most out of things, be it expecting innovative technology that will...
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6.8KSecurity & FraudCFPB Set To Sue Santander Over Auto Protection Product
The Consumer Financial Protection Bureau (CFPB) is gearing up to sue Spain-based Santander Bank, claiming the bank has overcharged its car loan customers. Citing...
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4.0KDebtWells CFO Not Losing Sleep Over Rising Consumer Debt
Wells Fargo Chief Financial Officer John Shrewsberry said at an industry conference on Wednesday (Nov. 15) that he isn’t concerned consumers are...
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5.0KData DiveWells’ Woes, Stripe’s Acquisition And North Korea’s New Hacking Groove
Most of the drama this week was in Washington. The healthcare debate turned into something that was one aria short of a...
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2.9KNews
Capital One Beats Street on Higher Credit Card Balances, Interest Rates
Boosted by increases in its credit card portfolio and interest rates, Capital One Financial beat estimates for the second quarter. In terms...
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3.6KConsumer FinanceConsumers Making Less Than $40K Per Year Worried About Paying Off Debt
A new survey has found that a divide is emerging over how Americans feel about their ability to pay down debt, with...
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4.5KEarningsWells Fargo Reports Mixed Results, Auto Biz Slips as Card Use Up
Wells Fargo, trying to bounce back from a scandal involving falsified accounts, and any number of hits to its reputation since late...
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3.6KPayments InnovationU.S. Consumer Borrowing Posts Biggest Increase In Six Months
The American people are feeling more confident about spending, if last month’s consumer borrowing numbers are any indicator. Borrowing patterns tend to...
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5.3KSizzle/FizzleOnline Fraud Detection Sizzles, iPhone Shares Fizzle — And Some Upbeat Economic News
Sizzle Online fraud falls — a LOT: Contrary to popular opinion — and perhaps contrary even to logic — the fraud fight has...
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5.3KAlternative FinancesAmericans Are Borrowing Like It’s 2008 … Sort Of
It took almost a full decade, but Americans’ debt level has reached a new all-time high, surpassing the $12.68 trillion peak it...
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4.2KNewsUBS Finds Loan Defaults May Loom Among Young and Wealthy
Defaults on subprime auto loans and other types of credit may be poised to jump higher — and the profile of the...
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4.5KPayment MethodsCredit Card Debt Tops $1 Trillion
Credit card debt has surpassed the $1 trillion market in the U.S., joining student loan and auto debt to reach more than...
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4.2KSizzle/Fizzle
Sizzle/Fizzle: In Banking, Truth as Currency
If you were in the market for a credit card or looking to sell a house, this past week was a good...
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1.9KData DiveAlt-Lending Reshuffles, Auto Loan Alarm Bells And HHGregg Goes Bust
For those who are fans of big twists, stunning reversals and spectacular admissions of defeat, last week’s news cycle came as a...
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3.9KBankingThe Increasingly Alarming Auto Lending Situation
According to the latest data out of auto lender Ally Financial, the auto lending segment seems to be encountering some engine trouble...
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5.0KSizzle/Fizzle
Auto Loans On Fire: Sizzle Or Big Fizzle In The Making?
Baby, you can drive my car … loan book off a cliff. Warning signs in subprime are heating up like an engine...
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6.1KInvestmentsDangerous Road Ahead On Auto Loans?
Insert your own car/road/looming accident analogy here, and then take a look at auto loans. While consumer confidence may be good, the...
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3.9KCFPBCFPB Debuts Consumer Credit Card Risk Management Tool
The Consumer Financial Protection Bureau (CFPB) announced Thursday (Dec. 15) the launch of Consumer Credit Trends, a web-based tool to help consumers...
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3.6KSizzle/Fizzle
Stripe Sizzles, Auto Loans Fizzle
With the first full week back from Black Friday, into Cyber Monday and beyond, give thanks to the consumer, who has managed...
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5.4KAlternative FinancesAuto Lenders’ Subprime Delinquencies Climb
The Federal Reserve Bank of New York is not quite sounding the alarm bell for auto lenders, but they are certainly trying to...
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5.6KAlternative FinancesCar Buyers ‘Underwater’ On Trade-Ins
A record number of consumers looking to trade in vehicles are finding that their cars are worth less than they owe on...
