Fed signals rates will stay near zero for at least 3 years
The Federal Reserve left interest rates near zero and signaled it would hold them there through at least 2023 to ...
Tag: Federal Reserve
U.S. Consumer Credit Extends Rebound as Auto Sales Increase
U.S. consumer borrowing rose in July for a second month, reflecting an increase in non-revolving credit such as auto loans ...
Refi-related loan extensions could soften delinquency blow
2020 will long be known as the year of the pandemic. For auto financiers, it will also be remembered as ...
Powell’s Fed shifts to more relaxed approach to fight inflation
Federal Reserve Chair Jerome Powell announced a new approach to monetary policy Thursday that takes a more relaxed stance on ...
Subprime credit spreads, murky Q3 outlook: Industry Pulse
Interest rates in the subprime credit tier have surpassed pre-COVID levels and are up more than a point on a ...
Auto ABS: A look at the industry’s golden goose [Feature]
The auto asset-backed securities market has long been known for its resiliency. During the credit crisis, securitized pools of auto ...
Fed ramps up auto bond buying with industry starting to recover
The Federal Reserve’s historic foray into the credit market has benefitted auto companies the most, supporting an industry that’s borrowed its ...
Auto lenders put historic squeeze on underwriting standards, Fed says
Auto lending hasn’t been this pressed in 15 years. According to the Federal Reserve, auto lending underwriting standards have not ...
