Debt Auto Loans

  • NEW YORK, Jan 19- Paying back your student loans is hard enough. The Consumer Finance Protection Bureau shed some light on how harrowing this process can be for borrowers on Wednesday when it announced a massive lawsuit against the largest servicer of student loans, Navient, for "systematically and illegally failing borrowers at every stage of repayment."

  • NEW YORK, Jan 19- Paying back your student loans is hard enough. The Consumer Finance Protection Bureau shed some light on how harrowing this process can be for borrowers on Wednesday when it announced a massive lawsuit against the largest servicer of student loans, Navient, for "systematically and illegally failing borrowers at every stage of repayment."

  • NEW YORK, Jan 13- The U.S. Supreme Court on Friday agreed to decide whether firms collecting on debt they bought for pennies on the dollar can be held liable in lawsuits brought by debtors they targeted under a federal law cracking down on debt collectors' abusive practices. Four Maryland residents who defaulted on car loans filed a proposed class action lawsuit...

  • Globe with market prices

    WalletHub released 10 financial predictions for 2017 to prepare you for the opportunities and challenges in the year ahead.

  • People look at vehicles at AutoNation Toyota dealership in Cerritos, California.

    New vehicles depreciate the minute you drive off the lot. That's why more shoppers are wising up to this cost-saving opportunity.

  • Used car sales to hit record high this year

    Used cars and trucks now on track to reach a record number of preowned vehicle sales in the US.

  • Millions of Americans falling behind on car loans

    Regulators say the recent rise of subprime delinquencies in the US is a cause of significant concern.

  • A new report finds the average age of a vehicle in the US has reached an all-time high of almost 12 years.

  • Credit score

    Financial advisors say that most of their clients are confused about the ins and outs and associated costs of credit.

  • Sept 29- Wells Fargo& Co is facing a U.S. Department of Justice sanction for improperly repossessing cars owned by members of the military, Bloomberg reported. Federal prosecutors and the Office of the Comptroller of the Currency plan to punish Wells Fargo for alleged violations of the Servicemembers Civil Relief Act, Bloomberg reported, citing two people with...

  • Revved up for used cars?

    Earl Hesterberg, Group 1 Automotive CEO, discusses the demand for new and used cars as well as what auto sales figures are saying about the state of the economy. CNBC's Phil LeBeau weighs in.

  • Best borrowers buy used

    CNBC's Phil LeBeau reports why those with good credit ratings are turning to used cars rather than new.

  • Car buyers with the best credit records are shifting gears, with more of them taking out loans for used vehicles instead of new ones.

  • BEIJING, Sept 4- Chinese households, traditional savers with an aversion to debt, are rapidly warming to the idea of borrowing to buy a car, as automakers push financing deals to boost sales and margins in an increasingly competitive market. That is welcome news to China's government, which wants consumers to borrow and spend more to shift its slowing economy away...

  • BEIJING, Sept 4- Chinese households, traditional savers with an aversion to debt, are rapidly warming to the idea of borrowing to buy a car, as automakers push financing deals to boost sales and margins in an increasingly competitive market. That is welcome news to China's government, which wants consumers to borrow and spend more to shift its slowing economy away...

  • BEIJING, Sept 4- Chinese households, traditional savers with an aversion to debt, are rapidly warming to the idea of borrowing to buy a car, as automakers push financing deals to boost sales and margins in an increasingly competitive market. That is welcome news to China's government, which wants consumers to borrow and spend more to shift its slowing economy away...

  • A pedestrian walks along Broad Street in New York.

    KBW analysts are looking at "shadow banking" stocks and think nonbank lenders may rebound.

  • overheated car engine

    Delinquencies in subprime auto loans are on the rise, and that could signal bad news for lenders and automakers.

  • Aug 9- U.S. household debt hit $12.29 trillion in the second quarter, up $434 billion from a year earlier as auto loans and credit card debt increased, a Federal Reserve Bank of New York survey showed on Tuesday. Auto debt was $1.10 trillion, up $97 billion from a year earlier, while the aggregate credit card limit increased for the 14th straight quarter, reflecting...

  • Santander Consumer bank

    Santander Consumer USA looks to resolve issues regarding "discount accretion and credit loss allowance methodologies."