The Traderszone Network

Published in TZ Latest News 12 October, 2014 by The TZ Newswire Staff

Exclusive: U.S. regulators press banks for more on auto loan exposure to assess risks

Balances remaining on auto loans have risen by about a third since April 2011, reaching an all-time high of $924.2 billion in August, according to credit reporting bureau Equifax. Banking regulators fear that reckless lending may be at least helping to fuel that growth, and there are early signs that delinquencies are increasing in the sector.

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