Sections
auto loans
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DebtAuto Debt Set Records Before Potential Coronavirus Impact Hits
Trouble may be brewing in the key auto finance sector in the months ahead...
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LoansWhy Wells Fargo Braked On Loans To Independent Auto Dealers
The coronavirus has idled all sorts of lending, as banks and other financial services...
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DebtHousehold Debt Exceeds $14T After 2019 Spike
Household debt in the U.S. has reached a 12-year high, rising more than $600...
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B2B PaymentsJPMorgan Moves Forward With Blockchain Vehicle Tracking System
The wholesale car financing arm of JPMorgan Chase is putting together a plan to...
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Credit UnionsWhy Social Data Is Key To Personalizing The CU Experience
Whether they're approving loan applications or targeting products and services, CUs are increasingly relying...
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EarningsCredit Cards, Auto Loans Drive Better Than Expected Earnings For...
Wells Fargo came through with a better than expected earnings report on Friday morning...
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EconomyDefault 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...
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EarningsLendingClub Loan Applications Surge 18 Pct Despite Earnings Miss
LendingClub shares sank on guidance that missed the Street, but management said fourth quarter...
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EconomyCar Loan Delinquencies Flash Warning Signs On Credit?
Might the latest data on car loans – to be specific, delinquencies on those...
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SubscriptionsCA Auto Dealers Want To Put Brakes On Volvo Subscriptions
In an effort to halt Volvo from offering cars to consumers through subscriptions, the...
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EconomyExperian: Loan Default Rates Rose In Dec
S&P Dow Jones Indices and Experian released data through December of 2018 on Tuesday...
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EarningsChase Active Mobile Users Hit 33.3M
In what is becoming what seems to be a familiar theme as banks report...
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EconomyAmericans Aren’t Struggling Despite Rising Consumer Debt
Consumer debt is at a record level — but in terms of handling it,...
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Consumer FinanceConsumer Credit Default Hits Low For Nov 2018
New data has found that the default levels for bank cards, auto loans and...
- Loans
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...
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DebtLendingTree: US Consumer Debt Approaching $4T
LendingTree said in its debt report for the month of November that based on...
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RegulationWells Fargo Balks At Auto Loan Scandal Compensation Remedy
Wells Fargo is trying to avoid compensating all of the 600,000 drivers affected by...
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Alternative 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...
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LoansMoody's Sees Improving Charge-Off Climate
Moody’s said in its latest reading of the “pulse of the consumer” that in...
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LoansDealers Changing Terms On New Car Financing
With interest rates rising, auto lenders are reigning in their 0 percent financing deals...
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DebtUS Credit Scores Soar To 704, But Debt Looms
New data shows that as U.S. credit scores hit their highest point since the...
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Consumer FinanceA Decade On, Lending Transformed By Crisis And Innovation
Necessity is the mother of invention. Invention can become necessity. And in lending, with...
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EcosystemsHow Millennial Drivers Are Changing Automotive Practices
Will younger consumers ever know the unique joy of learning to drive on a...
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LoansWill Consumers Take On Too Much Debt In 2018?
The rate of credit card delinquencies jumped 52 basis points (BPS) in the first...
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Sizzle/FizzleLyft Sizzles, Auto Loans Fizzle And The Grocery Wars Heat...
Sizzle Of The Week: The Race for Grocery Gold Much of commerce activity is...
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Consumer FinanceMoody’s: Underwriting Standards Loosen, A Bit, In Q1
It got a little easier to get credit in the first quarter, said Moody’s...
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LoansSome US Loan Standards Ease In Q1, But Not Credit...
Lending standards for business loans eased at U.S. banks in the first quarter of...
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Consumer FinanceData Shows Credit Card Usage On The Rise As Delinquency...
A new report from TransUnion shows that credit card usage continued to rise, as...
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CFPBSenate Vote On CFPB Auto Lending Rule Planned For Next...
The Senate is set to vote to rescind the Consumer Financial Protection Bureau's rule...
- News
Wells Fargo Reviewing Aftermarket Auto Products To Get Ahead Of...
Wells Fargo is expanding the review of its auto products and the services it finances...
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Alternative FinancesHoncker’s New Lease On Auto-Leasing
There are aggregators for just about everything these days, and loans of all types....
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Alternative FinancesWhat The Climbing Debt Defaults Really Mean For The Economy
By many measures, the economy looks strong. The stock market — despite a fairly steepWh...
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EarningsCapital One Misses 4Q Estimates As Net Charge-Offs Grow
Capital One missed estimates, adjusted for impact of the tax bill that was signed...
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Subscription CommerceHow Subscriptions Are Changing Car Ownership
To say that the Great Recession changed consumer buying outlooks across a variety of...
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InvestmentsAuto 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.,...
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Today In DataToday In Data: Ridesharing, Employee Theft And American Spending
It seems individuals will always find a way to get the most out of...
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Security & FraudCFPB Set To Sue Santander Over Auto Protection Product
The Consumer Financial Protection Bureau (CFPB) is gearing up to sue Spain-based Santander Bank,...
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DebtWells CFO Not Losing Sleep Over Rising Consumer Debt
Wells Fargo Chief Financial Officer John Shrewsberry said at an industry conference on Wednesday...
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Data 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...
- News
Capital One Beats Street on Higher Credit Card Balances, Interest...
Boosted by increases in its credit card portfolio and interest rates, Capital One Financial...
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Consumer FinanceConsumers Making Less Than $40K Per Year Worried About Paying...
A new survey has found that a divide is emerging over how Americans feel...
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EarningsWells Fargo Reports Mixed Results, Auto Biz Slips as Card...
Wells Fargo, trying to bounce back from a scandal involving falsified accounts, and any...
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Payments 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...
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Sizzle/FizzleOnline Fraud Detection Sizzles, iPhone Shares Fizzle — And Some...
Sizzle Online fraud falls — a LOT: Contrary to popular opinion — and perhaps contrary...
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Alternative FinancesAmericans Are Borrowing Like It’s 2008 ... Sort Of
It took almost a full decade, but Americans’ debt level has reached a new...
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NewsUBS Finds Loan Defaults May Loom Among Young and Wealthy
Defaults on subprime auto loans and other types of credit may be poised to...
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Payment MethodsCredit Card Debt Tops $1 Trillion
Credit card debt has surpassed the $1 trillion market in the U.S., joining student...
- Sizzle/Fizzle
Sizzle/Fizzle: In Banking, Truth as Currency
If you were in the market for a credit card or looking to sell...
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Data 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...
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BankingThe Increasingly Alarming Auto Lending Situation
According to the latest data out of auto lender Ally Financial, the auto lending...
