Weekly Wrap: Auto industry pulls back on consumer assistance

Subprime lending share nears Great Recession lows

© Can Stock Photo / welcomia

This week, the auto industry is eyeing potential increases in delinquency rates as long-term deferrals come to an end. Since the COVID-19 pandemic hit the country in March, lenders have made it a priority to help consumers with two to three-month long payment assistance programs.  The industry now is seeing payment extensions on securitized auto loans decline, along […]

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