Wells Fargo & Co will pay customers at least $386 million to settle class-action claims that the bank signed them up for auto insurance they did not want or need when they took out car loans. Reuters - Published
Brexit, the rise of EVs, China's market slump - 2018 was a rollercoaster for new car sales
The latest figures are in and they offer a fascinating insight into the future of the industry
Last year.. Autocar - Published
Wells Fargo & Co. will pay customers at least $386 million to settle class-action claims that the bank signed them up for auto insurance they did not want or need when they took out car loans. District..
Wells Fargo & Co will pay customers at least $386 million to settle class-action claims that the bank signed them up for auto insurance they did not want or need when they took out car loans. Reuters..
A peer-to-peer platform, Buy2Let Cars, claims investors can get a bumper return from leasing cars to people with less-than-perfect credit histories.
The post P2P car loans for subprime borrowers.. MoneyWeek - Published
*Trump trade war threat*
A continued world recovery, led by the US with good support from Chinese growth among the emerging markets, is a positive backdrop for share markets. The Trump tax cuts and.. City A.M. - Published
Last week, the Financial Conduct Authority (FCA) warned that household debt levels are very close to their 2008 peak and, more worryingly, that many households have borrowed so much that they may be.. City A.M. - Published
The recent surge in consumer lending to record levels will not be a rerun of the subprime borrowing bubble that crippled the world’s financial system in 2008, according to new research by City.. City A.M. - Published
The Financial Conduct Authority is investigating the ailing lender's Moneybarn division, which loans cash to low-income customers who want to buy a car or van. MailOnline - Published Also reported by •thisismoney.co.uk
It seems Banks are taking heed of warnings over unsecured debt by Mark Carney, after official figures showed lending conditions are at their toughest since 2008.
The Bank of England's credit.. City A.M. - Published
From credit cards, overdrafts, personal loans, and mortgages – owing tens of thousands of pounds has now become a way of life.
And while some debt might be good, a growing number of people find.. City A.M. - Published
Spare a thought for the bankers.
You won’t hear that often. In a recent Ipsos MORI poll, just 37 per cent of respondents said that they would trust a banker (25 per cent a journalist,.. City A.M. - Published
Rising personal debt is clearly a worry at the forefront of the Bank of England’s collective mind. The figure of the nation's debt currently stands at about £1.5 trillion, an average of £28,000 for.. City A.M. - Published
A Bank of England fun of cheap money for banks in order to keep spending up post-Brexit has led to car loans, personal loans and credit card balances increasing far faster than wages. MailOnline - Published
Customers of Lloyds Banking Group – which also includes Halifax and Bank of Scotland – have received personalised letters offering them long-term monthly loan deals so they can buy new cars. MailOnline - Published
Rising levels of household borrowing at a time of macroeconomic weakness will cause Britons to struggle with loan repayments, according to influential ratings agency Moody’s, as consumer debt rose.. City A.M. - Published