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Debt Auto Loans

  • The White House budget blueprint proposes ending the Advanced Research Projects Agency-Energy, or ARPA-e, program, which gives $300 million a year in grants for research in technologies aimed at reducing fossil-fuel consumption and improving energy efficiency. The White House would also eliminate a U.S. Energy Department clean vehicle loan program that...

  • The White House budget blueprint proposes ending the Advanced Research Projects Agency-Energy program, which gives $300 million a year in grants for research in a wide variety of technologies aimed at reducing fossil fuel consumption and improving energy efficiency. The White House would also eliminate a U.S. Energy Department clean vehicle loan program...

  • WASHINGTON— Are mortgage rates going up? How about those nearly invisible rates on bank CDs— any chance of getting a few dollars more? "We are in a rising interest rate environment," noted Nariman Behravesh, chief economist at IHS Markit.

  • BEIJING/ HONG KONG, March 10- After a spending spree stretching from hotels to electronics distribution in 2016, Chinese conglomerate HNA Group says it is now investing in financial services, betting on asset managers and consumer finance for growth at home and overseas. The moves reflect a broader push by China into financial services globally as Beijing...

  • Executive Edge: Price gap widens between new and used cars

    CNBC's Phil LeBeau reports the price gap between new and used cars has hit a new all-time high with the average new vehicle loan payment of $506.

  • A customer looks at a Ford F-150 pickup truck in Brandywine, Maryland.

    In the fourth quarter, the average amount borrowed to pay for a new vehicle jumped more than $1,000 to hit a total of $30,621.

  • NEW YORK, Feb 16- More Americans fell behind on their car loan payments in the fourth quarter, bringing auto delinquencies to their highest since the height of the financial crisis, Federal Reserve Bank of New York data released on Thursday showed. Car loans delinquent by 30 days or more grew to $23.27 billion, the most since $23.46 billion in the third quarter of...

  • 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.