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TAG SEARCH RESULT: Consumer Credit

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August 18, 2015 - Industry News

Auto Loan Defaults Rise in July

Consumer credit defaults remained relatively stable in July, according to data from S&P Dow Jones Indices and Experian. The on exception were auto loans, which showed an increase in defaults.

Tags: Auto Loans, Consumer Credit, default rates, Experian, S&P/Experian

March 19, 2015 - Industry News

CFPB to Allow Consumers to Voice Complaints Publicly

The CFPB is finalizing a policy that would allow consumers to publicly share their stories when they submit complaints to the bureau. The regulator is also seeking public comment on ways to highlight positive consumer experiences.

Tags: CFPB, Consumer Credit, Consumer Financial Protection Bureau

November 21, 2013 - Industry News

NAF Association Launches Compliance Certification Program

In response to the CFPB’s activities this year, the trade group has launched a new certification program for auto finance sources. The program was developed by Hudson Cook LLP.

Tags: certification, compliance, Consumer Credit, Consumer Financial Protection Bureau, Hudson Cook LLP, legal training, NAF Association

October 15, 2013 - Industry News

Delinquencies Up in Q2, the ABA Reports

The American Bankers Association found that delinquencies across all credit segments rose six basis points in the second quarter. Overall, delinquencies remain significantly below their 15-year average.

Tags: American Bankers Association, Consumer Credit, Delinquencies

May 1, 2012 - Industry News

New Credit at Highest Point Since 2008, Equifax Reports

New non-mortgage credit balances continue to increase, while new auto, bank and retail cards, consumer finance, home equity and student loan credit rose by $61 billion in January.

Tags: Auto Loans, Consumer Credit, Equifax

March 6, 2012 - Industry News

Equifax, Moody's Predict Growth in Auto Finance Market

U.S. consumer credit data from CreditForecast.com, a joint product of Equifax and Moody's Analytics, projects a rebounding consumer environment along with recovering auto and home markets in 2012.

Tags: Auto Loans, Consumer Credit, Equifax, Moody's Analytics

November 29, 2011 - Industry News

Consumer Credit Risk Declines for Seventh Straight Quarter, TransUnion Reports

TransUnion’s Credit Risk Index declined for the seventh consecutive quarter, which the credit reporting agency partially attributed to low demand for credit. The one bright spot was demand for auto credit.

Tags: Consumer Credit, Credit, TransUnion

November 10, 2011 - Industry News

Consumer Credit Rises in September

Financing for big-ticket items like autos did rise in September, but the Federal Reserve’s latest report on consumer credit also indicated that consumers are paring down debt in other areas.

Tags: Consumer Credit, Credit, Federal Reserve

November 3, 2011 - Industry News

Auto Finance Companies Originating More Loans Than Banks, Credit Unions, Equifax Reports

Auto finance companies have increased lending by more than 47 percent over the past two years, according to the latest Equifax National Credit Trends Report.

Tags: Auto Loans, Consumer Credit, Credit, Delinquencies, Equifax, Finance, Indirect Lending, special finance, subprime

October 4, 2011 - Industry News

New Credit Growth Highest in Two Years, Equifax Reports

First-half credit growth outpaced the first half of 2010 by $43 billion, with the automotive segment being one of the key drivers, according to Equifax’s National Credit Trends Report.

Tags: Consumer Credit, Credit, Credit Scores, Equifax

September 1, 2011 - Industry News

Consumers Shift Focus From Savings to Paying Down Debt

Results from a poll conducted by the National Foundation for Credit Counseling (NFCC) revealed that 89 percent of consumers prefer to pay down debt than increase their savings.

Tags: Consumer Credit, Credit, National Foundation for Credit Counseling, NFCC

May 4, 2011 - Industry News

Equifax Data Indicates Widespread Credit Growth

Multiple portfolio metrics indicate that the U.S. credit market is stabilizing and is growing, according to Equifax's monthly “National Credit Trends Report” for March 2011.

Tags: Auto Loans, Consumer Credit, Equifax

November 8, 2010 - Industry News

Consumer Borrowing Increases in September

Consumer credit increased at an annual rate of 1.1 percent, or $2.1 billion, in September, according to the Federal Reserve’s monthly report.

Tags: Auto Loans, Consumer Credit, Federal Reserve, Finance, interest rates, loan-to-value ratio

October 12, 2010 - Industry News

Interest Rates Drop in August, Federal Reserve Says

Consumer credit decreased at an annual rate of 1.7 percent in August, according to the Federal Reserve’s monthly report.

Tags: Auto Loans, Consumer Credit, Federal Reserve, Finance, interest rates, loan-to-value ratio

June 7, 2010 - Industry News

Interest Rates Drop for Second Consecutive Month, Federal Reserve Says

Consumer credit increased at an annual rate of 0.5 percent in April, according to the Federal Reserve’s monthly report.

Tags: Auto Loans, Consumer Credit, Federal Reserve, Finance, interest rates, loan-to-value ratio

May 11, 2010 - Industry News

Consumer Credit Rises; Interest Rates Dip, Federal Reserve Says

Consumer credit rebounded in March to an annual rate of 1 percent after it decreased in February to an annual rate of 3 percent, according to the Federal Reserve’s monthly report.

Tags: Auto Loans, Consumer Credit, Federal Reserve, Finance, interest rates, loan-to-value ratio

March 9, 2010 - Industry News

Interest Rates Increase Slightly in January, Says Federal Reserve

Credit extended to consumers in January rose for the first time since July 2008, according to the Federal Reserve’s monthly report, providing further evidence that both lenders and consumers are feeling better than they did a year ago.

Tags: Consumer Credit, Federal Reserve, Finance, interest rates, loan-to-value ratio

January 12, 2010 - Industry News

Interest Rates Increase Slightly in November, Says Federal Reserve

Consumer credit dropped 8.5 percent in November 2009, the lowest figure of the year, according to the Federal Reserve’s monthly report.

Tags: Auto Loans, Consumer Credit, Federal Reserve, Finance, interest rates, loan-to-value ratio

December 15, 2009 - Industry News

Interest Rates Dip Slightly in October, Says Federal Reserve

Consumer credit decreased at an annual rate of 3.3 percent in the third quarter and continued to decline in October, according to the Federal Reserve’s monthly report.

Tags: Auto Loans, Consumer Credit, Federal Reserve, Finance, interest rates, loan-to-value ratio

May 14, 2009 - Industry News

RouteOne Announces Integration With VertiSEL

RouteOne LLC completed integration with VertiSEL Inc., which offers programs to help consumers improve their credit eligibility.

Tags: Consumer Credit, RouteOne

April 9, 2009 - Industry News

NADA Urges Obama Administration to Increase <br/> Auto Credit Flow to Consumers and Dealers

The Chairman of the National Automobile Dealers Association (NADA) acknowledged President Obama’s commitment to helping the domestic auto industry, but urged his administration to focus on correcting the dysfunctional credit markets.

Tags: Consumer Credit, Floorplan Financing, NADA, Obama administration

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