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Americans are drowning in auto loan delinquencies; report says Congress needs to fix it
Yahoo Finance· 2025-09-10 17:06
The growing costs to buy and maintain a car – exacerbated by inflation and tariffs – are leading to rising auto loan defaults and repossessions and a potential crisis for American consumers left unprotected by the federal government, according to a new report by a consumer advocacy organization. The record number of defaults is a canary in the coal mine for large-scale economic problems, the Consumer Federation of America warned. "Delinquencies, defaults, and repossessions have shot up in recent years an ...