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The sectors realize a massive $18.3 billion gain in December alone, according to the U.S. Federal Reserve.
Read More →U.S. banks are responding to increased demand for credit by relaxing guidelines on car loans and credit cards, the Federal Reserve reports.
Read More →The Federal Reserve on Tuesday announced summary results of the latest round of bank stress tests, which show that the majority of the largest U.S. banks would continue to meet supervisory expectations for capital adequacy despite large projected losses in an extremely adverse hypothetical economic scenario.
Read More →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.
Read More →The Shared National Credits (SNC) Review for 2011 showed the credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs) and nonbanks improved in 2011 for the second consecutive year.
Read More →The Federal Trade Commission’s second roundtable will be staged at St. Mary's University School of Law on Aug. 2-3.
Read More →Dealers will remain exempt from certain data collection requirements under ECOA until the Federal Reserve Board issues final regulations.
Read More →Paul Taylor, chief economist of the National Automobile Dealers Association (NADA), said Sunday that new-vehicle sales will reach 12.9 million units in 2011 as consumers benefit from higher trade-in equity and improving credit.
Read More →The Fed sure isn’t hiding its disdain for credit insurance with its proposed changes to Reg. Z. Then again, it might just be an information gap at work.
Read More →New disclosure requirements being considered by the Federal Reserve Board (FRB) for loan insurance products aren’t the only threat to core F&I offerings like GAP. In California, product providers are racing to notify dealers that one of the key selling feature of GAP might be barred since a new law took effect on Jan. 1.
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