Lenders did little to tighten auto loan underwriting last quarter despite worsening delinquency trends. Last quarter, 3.5% of bank respondents in the Federal Reserve’s Senior Loan Officer Opinion Survey reported to have somewhat tightened credit standards. The remaining 96.5% said standards remained basically unchanged. Given the “rapid rise in auto loan debt,” however, banks would […]
Get Auto Finance News Premium for as low as $8 per week!
Start your free one week trial today for access to the latest industry news and trends.