March 21, 2018

Auto Finance Delinquencies Level Off; Volume Up

Serious auto finance delinquencies (60 days or more past due) “plateaued” in the fourth quarter, remaining relatively flat at 1.43% as compared with the prior-year quarter, […]
November 8, 2017

Storm Damage: Auto Lenders Brace for Losses

U.S. auto lenders are starting to tally the financial damage from late-summer hurricanes that destroyed an estimated 500,000 to one million vehicles.  So far, the impact […]
October 20, 2017

Banks Prepare for Credit Card Defaults

Credit card delinquencies increased for three consecutive months, adding to signs that consumers in the U.S. are having a tough time paying their debt.  According to recent […]
October 18, 2017

Credit Card Delinquencies on the Rise

Credit card delinquency rose for the third straight month in September, data from JPMorgan Chase & Co. and card issuer Discover Financial Services suggested.  The data […]
August 24, 2017

Banks Cut Back on Risky Lending

For the first time since 2012, lenders are making fewer subprime loans, according to a new report from TransUnion.  Subprime loans are those made to consumers with […]
August 2, 2017

Subprime Auto Defaults are Soaring

It’s classic subprime: hasty loans, rapid defaults, and, at times, outright fraud.  Only this isn’t the U.S. housing market circa 2007. It’s the U.S. auto industry […]
April 28, 2017

Subprime Student Loans Resemble Pre-Crisis Mortgage Loans

Millions of U.S. parents have taken out loans from the government to help their children pay for college … now a crushing bill is coming due.  […]
April 24, 2017

Consumer Defaults Predicted to Rise in 2017

About 17% of all U.S. consumers are likely to default on a loan payment over the next year, according to a recent report from UBS. More […]