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Auto loan volume for the first quarter was 49 percent higher than three years ago, and 25 percent higher than the recession-era low in March 2010.
Read More →In a note to bondholders, Fitch Ratings said it believes the move toward slightly riskier borrowers in prime auto ABS pools is unlikely to present a near-term risk.
Read More →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.
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With strong sales driven by low interest rates and on-time payments, 2011 finished with a bang.
Read More →The Federal Trade Commission filed charges and requested a U.S. district court to stop the specific practices of two auto loan modification companies operating in California.
Read More →First Niagara Financial Group is on the move, announcing yesterday that it is entering the auto finance market with a new slate of financing options for dealers in the Northeast.
Read More →The use of home equity loans to buy new cars is on the rise again, though not nearly to pre-recession levels, according to Bandon, Ore.-based CNW Research’s Art Spinella.
Read More →Performance remained stellar for U.S. prime auto ABS, with losses dropping to a new record low, according to the latest index results from Fitch Ratings.
Read More →Ally Financial Inc. has renewed $15 billion in credit facilities at both its parent company and its banking subsidiary, Ally Bank.
Read More →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.
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