Debt
Auto Loans
**NEW YORK- The Federal Reserve Bank of New York issues Q2 2017 Household Debt and Credit Report, an updated snapshot of household trends in borrowing and indebtedness, including mortgages, student loans, credit cards and auto loans- 1500 GMT. LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer...
**NEW YORK- The Federal Reserve Bank of New York issues Q2 2017 Household Debt and Credit Report, an updated snapshot of household trends in borrowing and indebtedness, including mortgages, student loans, credit cards and auto loans- 1500 GMT. LUBBOCK, Texas- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated question-and-answer...
"Because long-term car loans tend to involve lower monthly or bi-weekly payments, extended terms can encourage consumers to buy more car than they may be able to afford," said Kathryn Dunn, a spokeswoman for the Financial Consumer Agency of Canada. More than half of Canadians who borrow to buy new vehicles look to make payments every two weeks, with the arrival of...
"Because long-term car loans tend to involve lower monthly or bi-weekly payments, extended terms can encourage consumers to buy more car than they may be able to afford," said Kathryn Dunn, a spokeswoman for the Financial Consumer Agency of Canada. More than half of Canadians who borrow to buy new vehicles look to make payments every two weeks, with the arrival of...
WASHINGTON, Aug 4- Borrowers unwittingly charged for auto insurance when they took out car loans from Wells Fargo& Co asked a U.S. court on Friday to force the bank to help them repair their credit scores. As part of the class action in the U.S. District Court for the Southern District of New York, some of the 800,000 people who were charged unknowingly for unnecessary...
Analysts are angry over the latest Wells Fargo scandal where hundreds of thousands of customers were required to buy auto insurance they did not need.
July 27- Wells Fargo and Co said it would reimburse about $80 million to 570,000 customers who may have been charged wrongly due to issues related to auto collateral protection insurance policies. Wells Fargo said late Thursday it would pay back $80 million to customers wrongly charged for car loan insurance in the coming months, which included $64 million in...
Wells Fargo said on Thursday it would compensate around 570,000 car loan customers who were forced to buy auto insurance they did not need.
July 27- Wells Fargo and Co said it would reimburse about 570,000 customers who may have been charged wrongly due to issues related to auto collateral protection insurance policies. The total compensation of about $80 million will be refunded to customers in the coming months- $64 million in cash and $16 million of account adjustments, the bank said late...
NEW YORK, July 12- Wells Fargo& Co is scaling back and remolding its auto lending business in response to growing stress in the market, as well as a bank-wide push for more centralized risk controls. Wells, which was the No. 2 U.S. provider of auto loans less than a year ago, has already cut quarterly originations by nearly 30 percent over the nine months leading into...
Only the Washington, D.C., metro area has median income high enough to afford the average new-car price.
Consumers may have more leverage in the used car market this summer, but that's not the only avenue to trim your bills.
WASHINGTON, June 12- The U.S. Supreme Court on Monday declined to widen the reach of a federal law targeting abusive debt-collection tactics such as harassment and threats, ruling it does not cover companies that buy debt, sometimes for pennies on the dollar, and then collect it. The four Maryland residents had defaulted on car loans and had sought to sue Santander.
Rick Rieder, global chief investment officer of fixed income at BlackRock, weighs in on students loans, consumer debt and the economy.
CNBC's Phil LeBeau reports the latest on the big drop in the number of subprime loans being written and if it could hurt car sales.
CNBC's Phil LeBeau has the details of a new report showing lenders are beginning to realize too much subprime lending is not good.
CNBC's Phil LeBeau reports on the climate for subprime loans for autos. Scott Adams, president of Adams Automotive Group, discusses the decline in loans for the industry.
The world’s banks have become safer since the crisis, but economic risks have spread elsewhere, said former RBI governor Raghuram Rajan.
Autosales are topping out, meaning they are well-matched for consumer incomes; U.S. economic growth is likely to disappoint in the next few quarters, says Wells Fargo's Margaret Patel.
SmartAsset.com ranked the top 10 U.S. states (and, in one case, federal district) whose citizens have the most personal debt.
