APR for new cars hits 3-year-plus high.
With second quarter originations plunging 45% from a year ago on tightening underwriting standards, bank execs said they expect originations to continue falling for the rest of the year before stabilizing in the first half of 2018.
Missouri Attorney General Chris Koster and Jackson County Prosecutor Jean Peters Baker charge man in million-dollar identity-theft scam involving fraudulent car loans. If convicted, the man could face life in prison.
U.S. banks are responding to increased demand for credit by relaxing guidelines on car loans and credit cards, the Federal Reserve reports.
Car dealers and small lenders can now add value to their websites with the recently upgraded free loan widgets and new WordPress Plugins from CarLoanCalculator.me.
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