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  • AP Top Financial News At 3:45 p.m. EDT Tuesday, 9 Sep 2014 | 3:45 PM ET

    Apple reveals larger iPhones and smartwatch Economic forecast in much of world: Dim to gloomy Stocks decline for a second day; Home Depot falls US job openings near 13- year high, hiring rises Trump casinos file Chapter 11; seek concessions Google's EU antitrust woes extended Late-payment rate on US auto loans rose in 2 Q American recovery drives the dollar sharply higher Electronic Arts drops Ray Rice from Madden game As Scots eye independence, rest of UK gets nervous

  • AP Top Financial News At 3:18 p.m. EDT Tuesday, 9 Sep 2014 | 3:18 PM ET

    APPLE LIVE: Larger iPhones and smartwatch unveiled Economic forecast in much of world: Dim to gloomy Stocks decline for a second day; Home Depot falls US job openings near 13- year high, hiring rises Trump casinos file Chapter 11; seek concessions Google's EU antitrust woes extended Late-payment rate on US auto loans rose in 2 Q American recovery drives the dollar sharply higher Electronic Arts drops Ray Rice from Madden game As Scots eye independence, rest of UK gets nervous

  • AP Top Financial News At 3 p.m. EDT Tuesday, 9 Sep 2014 | 2:59 PM ET

    APPLE LIVE: Larger iPhones and smartwatch unveiled Economic forecast in much of world: Dim to gloomy Stocks decline for a second day; Home Depot falls US job openings near 13- year high, hiring rises Trump casinos file Chapter 11; seek concessions Google's EU antitrust woes extended Late-payment rate on US auto loans rose in 2 Q American recovery drives the dollar sharply higher Electronic Arts drops Ray Rice from Madden game As Scots eye independence, rest of UK gets nervous

  • Late-payment rate on US auto loans rose in 2Q Tuesday, 9 Sep 2014 | 2:59 PM ET

    As U.S. sales of cars and trucks have grown this year, so has the late-payment rate on auto loans. "In fact, there are four million more auto loan accounts in the marketplace than we observed just last year," said Peter Turek, automotive vice president for TransUnion. Auto loan debt per borrower grew 4.1 percent to $17,090 in the April-June period from a year earlier.

  • 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.

  • US consumer borrowing jumps by most in 3 years Monday, 8 Sep 2014 | 3:03 PM ET

    WASHINGTON— U.S. consumers stepped up their borrowing in July, led by rising auto loans and higher credit card balances. The Federal Reserve said Monday that overall consumer borrowing jumped $26 billion in July to $3.24 trillion. And consumer confidence, as measured by the University of Michigan, has barely budged in the past year.

  • 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.

  • Blooming bubbles in credit bear an eerie similarity Friday, 25 Jul 2014 | 8:13 AM ET

    This time it is auto loans, not the housing market, that appear to be driving a credit bubble similar to the 2008 bubble. FT reports.

  • 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.

  • Bank of America to lower threshold for rewards Monday, 23 Jun 2014 | 5:31 AM ET
    Bank of America

    Bank of America will announce it will lower the threshold for consumers who qualify for discounts on loans and other benefits.