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subprime credit

Subprime auto loans, delinquencies up: Experian

The percentage of auto loans to buyers with the poorest credit ratings is growing faster than the rest of the auto finance market, according to a new report. Experian Automotives analysis of open auto loans in the fourth quarter raises more questions about the health of the American consumer. In addition to the growth in […]

Aequitas financial ills accelerate with second layoff in a week

The Lake Oswego investment firm embroiled in acontroversial student loan program will lay off most of its approximately 100 employees. A week afterAequitas Capital Management warned that significant financial issues were forcing it to terminate about a third of its workers, the company again gathered its stunned employees Friday and informed them virtually the entire […]

Bill to Require Two Days’ Notice Prior to Disabling of Automobiles Clears Panel

Moriarty, Coughlin amp; Mukherji Bill to Require Two Days’ Notice Prior to Remote Disabling of Automobiles Clears Assembly Panel (TRENTON) – Legislation Assemblymen Paul Moriarty, Craig Coughlin and Raj Mukherji sponsored to regulate the use of payment assurance devices by automobile dealers and lenders was released Thursday by an Assembly panel. The bill (A-756) would […]

Compass Point Reiterates Buy on Ally Financial (ALLY) as Key Drivers Remain Intact

Get an inside look at Wall Street with StreetInsider Premium. Get your 2-week free trial here Compass Point maintained a Buy rating on Ally Financial (NYSE: ALLY), and cut the price target to $22.00 (from $26.00), following the companys 4Q earnings report. ALLY reported 4Q15 adjusted EPS of $0.52 versus the streets consensus of $0.51. […]

Asbury on used-car stores: ‘This is the year for Q’

“I think this is the year for Q,” Monaghan said, “where our internal objective is to get it to the point where those stores are generating an attractive ROI.” What may help on the ROI front is that there’s not a lot of capital “tied up” in the stores, particularly for the two smaller-format locations, […]

Help! I Can’t Fix My Bad Credit

1. Give It Some Time Bad credit is often the product of some pretty big missteps, like a bankruptcy, foreclosure, judgment or default. And that negative information is going take some time to age off of your credit report. Their effects will, however, lessen over time, so if you continue to focus on the basics (like making […]

Transformance Partners with Clay Piggy to Educate Children

Dallas, 01/26/2016 /SubmitPressRelease123/ Will Provide a Continuous Financial Education Program for Title I Schools DALLAS, TX (Jan. 27, 2016) – Transformance, Inc., a 42-year-old nonprofit organization providing financial counseling, outreach and education, has formed a strategic partnership with Clay Piggy, LLC to serve Title I schools. Under an initiative called Pocket Change Kids, Transformance will […]

Water pushed up from the wheels into the engine compartment can prove dangerous

The percentage of auto loans to buyers with the poorest credit ratings is growing faster than thats according to an analysis by Experian Automotive of open auto loans in the fourth quarter. Experian says about 21 percent of open auto loans are now held by those with subprime and deep subprime credit ratings. Experian also […]

The Real Kickstarter: How global capital markets can help support the refugee crisis

If we look hard enough, were likely all the products of refugees. The very founding of America was based on the concept of refuge. It stands to reason — we should be sympathetic. Last summer the UN High Commission on Refugees released in their annual global trends report that the number of displaced people globally had reached an all-time […]

Why Chicago Won’t Go Bankrupt—And Detroit Didn’t Have To

When Detroit became thelargest city in the history of the United States to filebankruptcy in 2013, a question quickly emerged: Which city would be next? Because conventional wisdom held that bloated pensions had bankrupted Detroit, the conversation revolved around other cities with large pension shortfalls, such as New York, Philadelphia and Jacksonville, Florida. Anti-union politicians […]

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