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As auto lending surges, US regulators worry about rising delinquencies
Add BT as a preferred sourcePublished Thu, Dec 1, 2016 · 09:50 PM
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New York
REGULATORS are airing "significant concern" about the millions of Americans who are falling behind on their car loans, even as auto lending continues to boom at a near record pace.
On Wednesday, the Federal Reserve Bank of New York noted increasing distress among auto borrowers with shaky credit, as subprime delinquencies rose in the third quarter.
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