While the Urban Institute calls the statistic alarming, it says the ratio is not a new trend.
Read about new hires, promotions, retirements and board election results in the credit union industry.
Card causes controversy among credit unions following Orman's NCUA public service spots.
Experian report says customers of finance companies driving hike, while total dollar volume in auto lending at record high.
Auto loan balances up in every state in past year, according to TransUnion.
Read what a test credit union has to say about a new non-prime auto loan pilot program.
More than half respondents say auto loans present the best opportunity for growth. Credit executives say regulatory burden is their biggest growth challenge.
Credit bureau also noted that auto loans are consumers' top payment priority in good times and bad.
Credit use focus of upgraded reporting capability.
Lenders are always challenged with finding innovative ways to grow their portfolios. As the appeal of broad-market direct marketing dwindles in our highly competitive marketplace, lending institutions are moving to more-targeted acquisition strategies by leveraging a deeper understanding of a member’s lifetime value.