Total household debt reached $12.73 trillion in the first quarter of 2017, surpassing its $12.68 trillion peak reached during the Great Recession that began in 2008, according to the Federal…
There are more used vehicles up for sale and incentives for buyers are escalating. That means lower prices for the foreseeable future, experts say. A big factor that will fuel…
Uber, the San Francisco-based ride-hailing giant, has agreed to pay $20 million to resolve Federal Trade Commission charges that it misled prospective drivers about potential earnings, the FTC said.
“The 90-plus day delinquency rate for auto finance company loans worsened by a full percentage point over the past four quarters.”
In select U.S. states, Chase Auto Direct will allow customers to configure their preferred options for a new or used car, find matching vehicles online, and get approved for their loan — all through Chase.com.
The majority of auto-title loan business comes from borrowers who end up taking out seven or more consecutive loans — and get stuck in a cycle of debt for most of the year.
The annualized rate, seasonally adjusted, fell to 16.6 million in March, the lowest in 13 months.
The average amount financed for a new vehicle in the fourth quarter of 2015 was $29,551, up $1,170 from one year earlier.
U.S. auto loan balances surged 11.5 percent to reach $987 billion in the fourth quarter of 2015.
The CFPB said its investigation found that the companies inaccurately reported information for more than 84,000 accounts on a “widespread and systemic basis.”