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May 24, 2016 - Industry News

AP Poll: Two-Thirds of Americans Can’t Afford $1,000 Emergency

Conducted by The Associated Press-NORC Center of Public Affairs, the poll found that 75% of households making less than $50,000 a year would have difficulty coming up with $1,000 to cover an unexpected bill.

Tags: Consumer Buying Habits, consumer confidence, consumer debt, Great Recession, parts and service, Repairs, Service Contracts

January 20, 2015 - Industry News

Auto Loan Balances Near $1 Trillion, Equifax Reports

The total balance of auto loans in December 2014 was $975 billion, representing 33.2% of total outstanding non-mortgage consumer debt, according to Equifax.

Tags: consumer debt, Delinquencies, Equifax, Equifax National Consumer Credit Trends Report

July 23, 2013 - Industry News

CFPB Presents First Annual Financial Literacy Report

The report details the tools the CFPB has made made available to consumers, as well as the bureau's research and outreach efforts. As a condition of Dodd-Frank, the CFPB is required to present the report on its activities to Congress annually.

Tags: CFPB, consumer debt, Consumer Financial Protection Bureau

February 21, 2012 - Industry News

U.S. Consumers Paying Down Debt, Remain Cautious, Equifax Reports

Equifax reported that nearly 60 of the top 100 metropolitan statistical areas hardest hit by credit card debt realized double-digit declines in the percentage of income owed to credit card companies — nearly 24 percent in some areas.

Tags: consumer debt, Credit, Credit Cards, Equifax

November 29, 2011 - Industry News

Consumer Debt Falls in 3Q, New York Fed Reports

The Federal Reserve Bank of New York’s latest quarterly report on household debt and credit indicated that consumer debt fell approximately $60 billion to $11.66 trillion in the third quarter.

Tags: consumer debt, Delinquencies, Federal Reserve Bank of New York

November 3, 2011 - Industry News

Total Consumer Debt Nearly Equivalent to Prerecession Years, Equifax Reports

Total consumer debt now stands at $11.2 trillion, nearly equivalent to the $11.1 trillion pre-recession level in 2006, according to the latest Equifax National Credit Trends Report.

Tags: Auto Loans, consumer debt, consumer financial habits, Equifax, loan originations

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