Despite industry problems, Santander Consumer USA had little trouble finding buyers for its subprime auto loan bond deal, the NYT reports.» Read More
"You really need to shop for the loan before you shop for the car," one consumer advocate says.
Balances remaining on auto loans have risen by about a third since April 2011, reaching an all-time high of $924.2 billion in August, according to credit reporting bureau Equifax. The Consumer Financial Protection Bureau said in September that it is taking steps to oversee auto lenders that have previously been less regulated, and companies like GM Financial...
Mike Jackson, AutoNation chairman & CEO, weighs in on the role of sub-prime auto loans in the marketplace.
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.
Some investors are warning a wave of auto loan defaults could lay ahead, reports CNBC's Kate Kelly.
Investigations into lending practices and concerns about the exits of investors have some warning that trouble could lie ahead.
Subprime lenders are increasingly relying on technology that allows them to track and disable delinquent borrowers’ vehicles.
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.
Individuals aged 18-29 are less likely to own a credit card than any other age group, according to a new Bankrate.com study.
More Americans are falling behind on auto loans. CNBC's Phil LeBeau reports 19.6 percent of auto loans are subprime or deep subprime.
CNBC's Phil LeBeau says subprime auto loans surged in Q2, according to Experian.
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.
GM received a subpoena from the US Department of Justice requesting information about the company's use of subprime automobile loan contracts.
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.
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.
Bank of America will announce it will lower the threshold for consumers who qualify for discounts on loans and other benefits.
CNBC's Phil LeBeau reports on the new ways customers are financing their vehicles.
Americans defaulted at the lowest rates last month since before the recession rocked the U.S. economy, according to a new report.
Jeff Snider, Alhambra Investment Partners, says the growth in auto and student loan debt are the best ways to create systemic poverty in the U.S.
Ally Financial is debuting on Wall Street. Michael Carpenter, Ally CEO, discusses the company's IPO pricing range and why the bank chose to go public and not sell.