high-interest auto loans News

Auto Loan Delinquencies Keep Rising But Economists Hold Off on Alarm

Borrowers are behind in their auto loan payments in numbers not seen since delinquencies peaked at the end of 2010, according to the Federal Reserve Bank of New York. More than 7 million Americans were 90 or more days behind …

2 Auto Lenders Settle in Massachusetts, Agree to Pay $7.4M in Relief

Two national auto lenders have agreed to provide a total of $7.4 million in relief to more than 2,000 Massachusetts car buyers over allegations they charged excessive interest rates on their subprime auto loans. Massachusetts Attorney General Maura Healey announced …

Mass. Drivers to Receive $5.4M in Relief on High-Interest Auto Loans

A national auto lender has agreed to provide $5.4 million in relief to more than 450 Massachusetts consumers over allegations that it charged excessive interest rates on its subprime auto loans, Massachusetts Attorney General Maura Healey announced. Under the terms …