Post Profile






‘Deep’ Subprime Car Loan Delinquencies Highest Since 2007 (As Auto Dealer Offers Bad FICO Rebate!)

It was bound to happen, despite Dodd-Frank legislation and the creation of the Consumer Financial Protection Bureau following the financial crisis. The post ‘Deep’ Subprime Car Loan Delinquencies Highest Since 2007 (As Auto Dealer Offers Bad FICO Rebate!) was originally published at The Wall Street Examiner. Follow the money!
read more

share

Related Posts


Protecting Borrowers in Dysfunctional Markets: A Major Challenge to CFPB

Business & Finance : Huffington Post: Business Blog

Dodd/Frank established the Consumer Financial Protection Bureau (CFPB) after the financial crisis to protect consumers in financial markets, but it does not tell the agency how to do it. The need for such protection varies from mark...

The U.S. Auto Loan Debt Market is Reminiscent of the Subprime Mortgage Bubble

Business & Finance : Huffington Post: Business Blog

Image credit: Auto loan The subprime debt market is getting hot again. Consumers typically believe that in order to get a loan, such as one for a new car or home, they must have a high FICO credit score. However, that is not the cas...

Why It's OK Auto Loan Delinquencies Are Trending Up For 2017

Business & Finance : Forbes: Business

It’s not entirely bad news that auto loan delinquencies are expected to increase in year-end 2017, says credit bureau TransUnion. Rather, it means lenders are still willing to lend to borrowers with subprime credit, and as long as t...

41,000 former students of a closed college may get $183 million to pay off their student loans

Business & Finance : Business Insider: Clusterstock

The Consumer Financial Protection Bureau (CFPB) and 13 state attorneys general have reached a settlement in a case that alleges private student lender Aequitas Capital Management conducted a predatory lending scheme, CNN reported. A...

Loans Made by Auto Dealers Are Not Covered by the Consumer Financial Protection Bureau

Business & Finance / Economics : Beat the Press

This is an important point that would have been worth including in this NYT article on the growing risks in the subprime car loan market. The lack of oversight from the Consumer Financial Protection Bureau is likely a major reason t...

Comments


Copyright © 2016 Regator, LLC