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.
WASHINGTON, April 18- The U.S. Supreme Court on Tuesday appeared skeptical of widening the scope of who can be subject to a federal law targeting debt collectors' abusive practices by including those who buy debt, sometimes for pennies on the dollar. A lower court had dismissed the case brought by four Maryland residents who had defaulted on car loans.
Car sales slowed down in March, and it took economists by surprise.
April 10- U.S. consumers are taking out debt at a far faster rate than their incomes or the economy are growing, and just as we may be hitting a peak in employment. U.S. consumers have run up over $1 trillion on credit cards, hitting a level not seen since January 2009 and up 6.2 percent from a year ago. Student and auto loans are also at $1- trillion- plus levels and also...
America's college debt is touching new highs.
The latest subprime fear in the auto industry already has investors worried.
The global financial crisis is still looming but the latest subprime fear in the auto industry has already started to worry investors.
D.R. Barton, MoneyMorning.com, says an underlying reason for disappointing car sales could be overheated subprime auto loans.
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.
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.
WalletHub released 10 financial predictions for 2017 to prepare you for the opportunities and challenges in the year ahead.
New vehicles depreciate the minute you drive off the lot. That's why more shoppers are wising up to this cost-saving opportunity.
Used cars and trucks now on track to reach a record number of preowned vehicle sales in the US.
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.
Financial advisors say that most of their clients are confused about the ins and outs and associated costs of credit.