Subprime Auto Loans Just Hit Their Worst Delinquency Rate in 32 Years. Here's What It Means for Lenders.
Making subprime auto loans is a risky business, but it is very different from the rest of the auto loan market.
Read the full articleYou might also wanna read
What Happened to Subprime Auto Loans During the Covid-19 Pandemic?
At the onset of the Covid-19 pandemic, subprime auto loans appeared to be particularly vulnerable to credit quality deterioration potentiall

US Auto Loan Defaults and Repossessions Surge, Raising Economic Concerns
Wall Street sounds alarm over strain throughout car lending market as experts warn of potential risks for wider economy
Nearly 1 in 4 new vehicle buyers stretched loans to 84 months or longer in Q2
Data shows car buyers are also tightening down payments and financing record amounts but still paying record average monthly payments. The p
Auto Loan Defaults and Repossessions Surge as Americans Struggle with Car Ownership Costs
Consumer group calls for congressional action as drivers fail to keep up with the cost of running cars

The Unintended Effects of Interest Rate Caps: Credit Rationing for Risky Borrowers
In imperial China, 3 percent was the maximum legal monthly loan rate; charging more was punishable by 40 to 100 blows with the “ light cane

The Unintended Effects of Interest Rate Caps: Credit Reallocation to Safer Borrowers
Several states have recently capped consumer loan rates with the stated purpose of protecting borrowers. In a recent Staff Report , we study

Comments
Sign in to join the conversation.
No comments yet. Be the first.