New auto loan balances grew at a seasonally-adjusted annualized rate of 23.7% in April.
The auto lending growth momentum continues at credit unions, while the CFPB cracks down on non-bank auto finance companies.
Auto sales and loans have remained strong thanks to low interest rates and a steady job market.
Detroit's 0% interest home repair loan program has posed challenges for Communicating Arts Credit Union.
The product makes mortgage payments in cases of death, disability or involuntary job loss.
Consumer credit card debt falls to 6.52% of total household debt in 2014, down from 10.05% in 1996.
Attorney general names Southeast Financial CU as co-defendant in suit against The College Network.
Since CSC’s launch in 2013, some 3,700 people have loaned more than $800,000 to U.S. restaurants, breweries, boutique hotels, farms, retailers and manufacturers.
National Association of Realtors reports existing home sales rose by 5.1% from April to May 2015.
A recent New York Times column urging borrowers to default on their student loans has grave implications for credit unions.