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Consumer credit increased at an annual rate of 0.5 percent in April, according to the Federal Reserve’s monthly report.
Read More →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.
Read More →Fear of the economy’s slow recovery, snow in the Eastern region of the country and a negative job report not only stalled February auto sales, but it also led to a three-month low in borrowing, according to the Federal Reserve’s February report.
Read More →Finance Express, a provider of Web-based financial services and technology for independent dealerships, announced today that it has added Wachovia Dealer Services to its platform.
Read More →Wolters Kluwer Financial Services announced today that MB Financial Bank has joined its AppOne platform to automate and help simplify loan processing for motorcycle dealers.
Read More →Consumer credit dropped 8.5 percent in November 2009, the lowest figure of the year, according to the Federal Reserve’s monthly report.
Read More →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.
Read More →Despite continued economic struggles, the automotive lending industry in the U.S. showed signs of stabilization during the third quarter 2009, according to a quarterly analysis of automotive credit by Experian Automotive.
Read More →Consumer credit patterns returned to their status quo in September, with interest rates, loan terms and loan-to-value ratios reverting to their pre-Cash for Clunkers (C4C) levels, according to the Federal Reserve’s monthly report.
Read More →Attributing its third-quarter decline in auto loans to a retrenchment and repositioning of its auto finance business, Capital One reported a 3.3 percent decline in auto loans last Thursday — the same day the McLean, Va.-based company reported a 14 percent increase in third-quarter profits.
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