Wednesday, December 18, 2019

More borrowers see auto loan apps turned down, N.Y. Fed says

More borrowers see auto loan apps turned down, N.Y. Fed says https://ift.tt/2ECdQmN

The Federal Reserve Bank of New York on Monday reported that rejection rates on vehicle financing are on the rise. Some economists think the change could indicate access to auto loans is tightening as some lenders raise standards for certain borrowers.

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