GO
Loading...

Auto Loans

More

  • Courts rule on Fannie & Freddie     Wednesday, 1 Oct 2014 | 12:46 PM ET

    A DC Federal Judge dismissed investor lawsuits related to Fannie Mae and Freddie Mac profits. CNBC's Kate Kelly says the ruling is a major potential blow to smart money involved.

  • Next lending crisis?     Wednesday, 1 Oct 2014 | 12:44 PM ET

    Some investors are warning a wave of auto loan defaults could lay ahead, reports CNBC's Kate Kelly.

  • New debt crisis fear: Subprime auto loans Wednesday, 1 Oct 2014 | 12:18 PM ET

    Investigations into lending practices and concerns about the exits of investors have some warning that trouble could lie ahead.

  • Miss a payment? Good luck moving that car Thursday, 25 Sep 2014 | 7:55 AM ET

    Subprime lenders are increasingly relying on technology that allows them to track and disable delinquent borrowers’ vehicles.

  • Fed keeps rates low, but brace for the inevitable Thursday, 18 Sep 2014 | 7:47 AM ET

    Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday. Enjoy easy money while it lasts.

  • WASHINGTON, Sept 17- The U.S. consumer watchdog on Wednesday announced plans to scrutinize big non-bank auto finance companies for the first time, citing concerns about how the lenders market car loans and collect on debts.

  • WASHINGTON, Sept 17- The U.S. consumer watchdog on Wednesday announced plans to scrutinize big non-bank auto finance companies for the first time, citing concerns about how the lenders market car loans and collect on debts.

  • WASHINGTON, Sept 8- U.S. consumer credit soared in July, posting its biggest jump since November 2001, driven in part by demand for auto loans and student borrowings. Total consumer credit increased $26.01 billion to $3.24 trillion in July, the Federal Reserve said on Monday.

  • Debt-averse millennials steer clear of credit cards Monday, 8 Sep 2014 | 12:01 AM ET

    Individuals aged 18-29 are less likely to own a credit card than any other age group, according to a new Bankrate.com study.

  • U.S. consumers turn to auto loans at a record rate Wednesday, 3 Sep 2014 | 8:30 AM ET

    In the second quarter, 85 percent of new car purchases and 53.8 percent of used car purchases were financed, according to data from Experian Plc, an information provider.

  • Car dealers dealing out more subprime loans     Wednesday, 20 Aug 2014 | 4:14 PM ET

    More Americans are falling behind on auto loans. CNBC's Phil LeBeau reports 19.6 percent of auto loans are subprime or deep subprime.

  • Q2 auto loan trouble     Wednesday, 20 Aug 2014 | 1:01 PM ET

    CNBC's Phil LeBeau says subprime auto loans surged in Q2, according to Experian.

  • Americans begin to struggle with auto loans     Wednesday, 20 Aug 2014 | 8:19 AM ET

    Experian Automotive's Q2 report show a significant 70 percent increase in the rate of auto repossessions, reports CNBC's Phil LeBeau with a look at the recent data.

  • Aug 7- Santander Consumer USA Holdings Inc said it has recently received a civil subpoena from the U.S. Department of Justice related to its nonprime auto loans. FIRREA, the Financial Institutions Reform, Recovery and Enforcement Act, allows the Justice Department to sue over fraud affecting a federally insured financial institution.

  • US subpoenas GM Financial over subprime loans Monday, 4 Aug 2014 | 12:40 PM ET

    GM received a subpoena from the US Department of Justice requesting information about the company's use of subprime automobile loan contracts.

  • WASHINGTON, Aug 4- The U.S. government is investigating General Motors Co's auto financing arm over subprime auto loans it made and securitized since 2007, the company disclosed on Monday. General Motors Financial Co Inc said it was served with a subpoena from the Department of Justice directing it to turn over documents related to underwriting criteria.

  • GM unit gets subpoena over subprime auto loans Monday, 4 Aug 2014 | 11:28 AM ET

    Aug 4- General Motors Co's auto financing arm said it received a subpoena from the U.S. Department of Justice to produce documents related to subprime auto loans since 2007..

  • NEW YORK, July 29- Ally Financial Inc reported a bigger-than-expected quarterly profit on Tuesday as auto lending jumped 11 percent to the second-highest level in the company's history. The former financing arm of General Motors Co said it had earned $323 million, or 54 cents per share, in the second quarter.

  • Raising the red flag on subprime auto loans     Friday, 25 Jul 2014 | 4:33 PM ET

    CNBC's Phil LeBeau; John Berlau, The Competitive Enterprise Institute; and the "Closing Bell" panel discuss if the rise in subprime loans will trigger another crisis.

  • Wells Fargo CEO bullish on autos     Thursday, 17 Jul 2014 | 7:49 AM ET

    This will be the best auto year probably in the last eight or nine years, predicts John Stumpf, Wells Fargo CEO, sharing his expectations on the auto industry. And AutoNation's Mike Jackson, weighs in.