ABA DataBank: U.S. auto delinquencies approaching pre-Covid highs
U.S. auto loans 90-plus days past due have reached 5.02%, with many borrowers owing more than their cars are worth ...
Tag: Auto lending
ABA DataBank: Auto loan delinquencies rising
Subprime auto loans are regarded as a leading economic indicator, and in August, the delinquency rate rose to 9.3%, nearing ...
ABA urges CFPB to maintain robust supervision of ‘larger participant’ nonbanks
In four comment letters, ABA urged the CFPB to maintain robust supervision of nonbanks in the markets for automobile lending, ...
New York Fed: Total household debt nearly $18.4 trillion in Q2
Total U.S. household debt increased by $185 billion, or 1%, to $18.39 trillion in the second quarter of 2025, according ...
Survey: Customer satisfaction with personal loans holds steady
Overall customer satisfaction with personal loans has remained largely flat, according to J.D. Power’s 2025 U.S. Consumer Lending Satisfaction Study.
New York Fed: Credit demand held steady but rejection rates rose in 2024
Credit demand remained stable in 2024 but consumers reported higher rejection rates and said they are less likely to apply ...
CFPB: Auto finance loan terms, third-party products may violate law
CFPB released a report on its findings about allegedly illegal practices in auto finance, such as deceptive advertising about loan ...
Trade groups seek congressional oversight for auto lending data collection effort
ABA and four other trade associations wrote to lawmakers raising concerns about the CFPB’s plans to gather data from automobile ...
ABA, associations tell CFPB to drop auto lender data collection plans
ABA and four associations this week urged the CFPB to abandon plans to gather data from automobile lenders about their ...
NY Fed: Household debt ticks up to at $17.29 trillion in Q3
Total household debt increased by $228 billion, or 1.3%, to $17.29 trillion in the third quarter of 2023, according to ...
