Fed cuts rates half point in emergency move amid spreading virus
The U.S. Federal Reserve delivered an emergency half-percentage point interest rate cut Tuesday in a bid to protect the longest-ever ...
Tag: Federal Reserve
Black Book: Bigger vehicles mean higher losses for lenders
LAS VEGAS — A large percentage of SUVs and trucks in auto lenders’ portfolios can lead to higher losses in ...
Under the hood: What to expect in 2020
Last year, the chatter amongst lenders in the auto finance industry pointed toward expectations of a recession. Yet, as the ...
You’re welcome: The Fed gifts a strong auto finance sector
Apparently, Halloween is the new Christmas in auto finance. Yesterday, the Federal Reserve gifted the industry a 25-basis-point interest rate ...
Fed Cuts Rates a Quarter Point, Powell Says Policy in Good Place
Federal Reserve officials reduced interest rates by a quarter-percentage point for the third time this year and signaled a pause ...
AFS 2019: Chicago Fed debunks looming recession forecast
LAS VEGAS – A Federal Reserve Bank of Chicago senior economist yesterday discounted the likelihood of a recession in the ...
5 lessons to learn from software vendor data breach
According to a June 12 settlement announced by the Federal Trade Commission, back in 2015 an employee of Iowa-based LightYear ...
Loose auto underwriting points to ‘weak’ credit outlook, Moody’s says
Lenders did little to tighten auto loan underwriting last quarter despite worsening delinquency trends. Last quarter, 3.5% of bank respondents ...
