Archive for July, 2016
New System to Simplify Federal Student Loan Experience
Jul 27th, 2016 @ 8:08 PM by Amber NelsonLast week the U.S. Department of Education laid out a new system to make repaying federal student loans a smoother process, a fulfillment of its directive from the March 2015 Student Aid Bill of Rights. Since 2015, the DOE has been surveying borrowers, student loan industry players and consumer advocated to find out how to make […]
more »Auto Loan Industry Continues to Boom but Not Without Risks
Jul 20th, 2016 @ 8:10 PM by Amber NelsonThe U.S. auto lending industry has been busy this year. Car loans and leases grew to a total value of $1 trillion a few months ago, with large lenders like JP Morgan Chase and Wells Fargo seeing almost double-digit growth in volume since 2015. And yet this stellar rise carries a lot of risk of […]
more »- Posted in Auto Loans, Used Car Loans
- Permalink
- No Comments »
Large and Small Business Borrowing Slumped in May
Jul 13th, 2016 @ 3:10 PM by Amber NelsonTwo separate reports found that U.S. businesses, both large and small, cut back on borrowing in May, a sign that the economy was already on rocky ground before the tumult of Brexit in June. The Thomson Reuters/PayNet Small Business Lending Index fell to 128.6 in May from an upwardly revised 129.5 in April. The PayNet […]
more »Consumers Push Mortgage, Credit Card Delinquencies Lower
Jul 7th, 2016 @ 8:21 PM by Amber NelsonU.S. consumers continued to manage their debts better in the first quarter, according to the latest report from the American Bankers Association, with delinquencies falling in seven of the 11 tracked loan categories. “More people have jobs, wages are higher, home values have increased and consumers didn’t overextend themselves during the holiday season,” said James […]
more »