Consumer lending is a bright spot for big banks

Oct 17, 2019
Even as retail sales growth is showing signs of stalling, consumers are continuing to borrow.
The JP Morgan Chase headquarters in Manhattan.
Spencer Platt/Getty Images

Auto loans are taking longer to pay off

Oct 2, 2019
That could hurt consumers but benefit banks and dealerships.
Ford F-150s are lined up at a dealership in Hudson, Wisconsin.
Karen Bleier/AFP/Getty Images

Auto loan delinquencies rise for younger drivers

Feb 14, 2019
New car sales have been high for the past few years, and that means there are a lot more car loans out there. There are a lot more delinquent ones, too. According to a report from the New York Federal…
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Consumer Financial Protection Bureau warns of longer-term car loan risk

Nov 7, 2017
There’s been a big increase in the number of long-term car loans purchased by U.S. drivers in recent years, according to a recent report by the Consumer Financial Protection Bureau. Longer-term loans mean smaller monthly payments for borrowers, but they…

Auto-loan market starting to spook lenders

May 12, 2017
The state of the auto loan market is causing some concern among analysts. Many are drawing comparisons with the mortgage-lending crisis that figured largely in the financial crash of 2008. At issue is the growing number of riskier, subprime loans.…

LendingClub expands its business around auto loans

Oct 25, 2016
LendingClub, the peer-to-peer loan company, is getting into the auto loan business. Americans borrow over $500 billion a year to help pay for their cars. But there’s a lot of room on the road for more business — only $40…
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Just how healthy is the auto loan industry?

Sep 7, 2016
Experian says borrowers are "very prime," but not everyone agrees.
The delinquency rate on car loans is up slightly but subprime car loans are shrinking. 
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Are booming auto loans risky for banks?

Mar 3, 2016
We're borrowing more cash than ever to buy cars - and banks are happy. For now.
A woman signs a contract with a sales consultant at a Hyundai dealership.
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