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Auto loans news, articles and information:

a long time ago - Auto loans news, articles and information:

Concepts related to Auto loans

Today | Week | Month | YearSee All Top Headlines...Most Popular Stories

Recommended ResourcesCounterThink Cartoons are

free to view and download. They cover topics like health, environment and freedom.The Consumer Wellness Center is

a non-profit organization offering nutrition education grants to programs that

help children and expectant ...

THIS DOESN’T ADD UP: Joe Biden gives auto companies BILLIONS in taxpayer dollars while auto worker wages are getting CUT IN HALF

July 13, 2023 -

Biden has long touted himself as a proponent of replacing the millions of cars on America's roads with electric vehicles. In his Inflation Reduction Act, automakers that produce EVs and the batteries needed to power them could soon see a windfall of over $220 billion by 2031 in the form of taxpayer-funded subsidies. (Related: Biden's EV program is alienating allies in the United Auto Workers, who fear the push will lead to fewer well-paying union jobs.)

These massive subsidies ...

Credit card and auto debt DELINQUENCIES are SOARING, especially among younger Americans

February 15, 2024 - auto loans have transition into delinquency status.

"Serious credit card delinquencies increased across all age groups, notably with young borrowers, surpassing pre-pandemic levels," wrote the New York Fed in a press release accompanying the report.Human knowledge is under attack! Governments and powerful corporations are using censorship to wipe out humanity's knowledge base about nutrition, herbs, self-reliance, natural immunity, food production, preparedness ...

FreedomWorks economist predicts EVs will be the auto industry’s “NEXT BIG FLOP”

November 07, 2023 - Stephen Moore, a senior economist at FreedomWorks and former senior economic adviser to former President Donald Trump, has predicted that America's electric vehicle (EV) market will be the auto industry's "next big flop."

In an interview on Fox News's Varney & Co. program and an op-ed in the Daily Caller, Moore drew a parallel connection between the Ford Edsel, which was touted as a groundbreaking car in the late 1950s, but ultimately failed to gain traction ...

Biden’s budget request for fiscal 2025 includes $12 billion for student loan forgiveness

a month ago -

The proposed $12 billion is set to go to a new federal program called Reducing the Costs of College Fund that would support federal strategies to improve college graduation rates and make costs more affordable for students. (Related: Biden DID NOT wipe away debt via student loan forgiveness program – he only redistributed it to other taxpayers.)

Along with funding ways the executive can lower college costs and improve graduation rates, the $12 billion will go toward increasing ...

Biden wants taxpayers to shoulder $6B student loan debt of 78,000 public service workers

a month ago -

The move increases the total amount of student debt "forgiven" by the current administration to approximately $150 billion for four million borrowers.

The cancellation targets public service workers, including teachers, nurses, and firefighters, who are eligible for forgiveness under the Public Service Loan Forgiveness Program (PSLFP) established in 2007, aimed at relieving student debt for those in public service roles. The average amount of debt that will be canceled is ...

DEBT REVOLUTION? Tens of millions of student loan borrowers stage “massive student debt strike”

January 04, 2024 -

Activists say that this is not just a temporary lapse but a "massive student debt strike" as borrowers continue to wait for the White House to implement its long-awaited student loan forgiveness program.

"Faced with the impossible choice of feeding their kids, keeping a roof over their head, or throwing an average of $400 a month into the Department of Education [DoE] incinerator, borrowers are rightly choosing to keep themselves and their families financially afloat," ...

CONFLICT OF INTEREST: Biden’s energy loan czar uses clout to promote private trade group

October 10, 2023 -

According to reports, Shah founded the Cleantech Leaders Roundtable, a 501(c)(4) nonprofit and a community of cleantech and climate-tech leaders. The private association has reportedly seen a surge in revenue since Shah took over the powerful $400 billion LPO in 2021.

Moreover, the group, which didn't have a website until three years ago, reportedly now regularly hosts sold-out receptions featuring the energy loan official for its paying members across the country. In ...

United Auto Workers end strike after reaching tentative agreements with Ford, Stellantis, General Motors

October 31, 2023 -

Ford was the first of the Big Three dominoes to fall, after it reached a tentative agreement with UAW negotiators on Oct. 25. Three days later on Oct. 28, the UAW announced reaching a similar deal with Stellantis, the parent company of luxury brands like Chrysler, Jeep and Ram. Finally, on Oct. 30 – the birthday of UAW President Shawn Fain – the union ended six weeks of whirlwind strikes after General Motors caved and agreed to the deal.  (Related: United Auto Workers president ...

Woman arrested after wheeling a CORPSE into a bank to “sign off” on a loan

4 days ago -

Citing the Brazilian O Globo newspaper, the Straits Times (ST) reported that law enforcement arrested Erika de Souza Vieira Nunes after allegedly taking the body of Paulo Roberto Braga in a wheelchair. The suspect reportedly brought the corpse of the 68-year-old Braga to a bank branch in the Bangu neighborhood of Rio De Janeiro to sign off on a 17,000 Brazilian reais ($3,248.70) loan.

A bank employee sensed something was wrong as Nunes was attempting to complete the transaction ...

Elon Musk says Twitter had FBI “portal that auto-deleted all comms” after two weeks

a month ago -

Calling the portal "a FOIA violation," FOIA being the Freedom of Information Act, Musk says what the FBI was doing at Twitter before he took over and turned the social media platform private was probably against the law "because you shouldn't be able to delete orderly things after two weeks."

Musk made these and other comments during an interview on the Texas Lindsay podcast, the episode of which included copious discussion of online censorship of Americans by the United ...

German banks preparing for wave of loan defaults in the face of major real estate crisis

February 23, 2024 -

During the fourth quarter of 2023, the bank raised its provisions for losses on loans, setting aside more than $230 million for the year to prepare for bad debts in light of the “persistent weakness of the real estate markets.”

The bank noted: “Despite these expenses, PBB remains profitable thanks to its financial strength — even in the greatest real estate crisis since the financial crisis.”

Their statement was referring to the 2008 financial crisis, when banks ...

United Auto Workers president expands strike to lucrative Ford Kentucky plant following company’s refusal to negotiate

October 15, 2023 -

The UAW is currently engaged in a strike against the Big Three automakers in the United States – Ford Motor Company, General Motors and Stellantis – over fair pay and benefits. (Related: United Auto Workers union goes on strike against Big Three automakers – another sign that Bidenomics is a costly failure.)

Following a breakdown in recent negotiations with Ford, UAW President Shawn Fain publicly announced the addition of Ford's Kentucky Truck Plant to the list of auto ...

Number of Americans defaulting on subprime auto loans nearing levels not seen since the Great Recession

May 09, 2023 -

This is according to a new report from Florida-based fixed-income asset manager Bramshill Investments. The company's report noted that inflation and higher interest rates from the Federal Reserve – and as much as 20 percent interest rates on used cars – have been eroding the paychecks of all consumers in the United States.

"It is very apparent to us that it is negatively affecting subprime borrowers – who tend to have lower credit scores and lower incomes – more harshly ...

Auto dealers urge Biden to step on the brakes for ELECTRIC CAR mandates, citing decline in demand

December 03, 2023 -

The group of 3,882 dealers – under the aegis of EV Voice of the Customer – wrote an open letter to President Joe Biden, which was published online. It asked the chief executive to "slow down … proposed regulations mandating battery EV production and distribution."

According to the letter, the Biden administration "has proposed regulations that would essentially mandate a dramatic shift to battery EVs." This would increase "year after year until 2032 when two out of ...

Biden DID NOT wipe away debt via student loan forgiveness program – he only redistributed it to other taxpayers

2 months ago -

History has shown that attempts to "cure" a problem by exceeding the federal government's constitutional powers generally lead to more and worse problems. The courts, in the exercise of what is called "equity jurisdiction," have long excused borrowers from obligations incurred through fraud, duress and other forms of creditor unfairness.

In addition, federal bankruptcy laws – authorized in the Constitution by Article I, Section 8, Clause 4 – offer a path to safety for debtors ...

United Auto Workers president says “a great majority” of union members WON’T VOTE for Biden despite official endorsement

January 30, 2024 -

UAW President Shawn Fain disclosed this during a recent interview with Neil Cavuto of Fox News. He told the news anchor that the state of the economy would play an important role in the decisions of UAW members.

"Look, let me be clear about this. A great majority of our members will not vote for Biden," Fain told Cavuto. "Yes, some will – but that's the reality of this. The majority of our members are [going to] vote for their paychecks; they're [going to] vote for an ...

In appeal to auto workers, Trump warns that Biden’s EV mandates will lead to fewer well-paying jobs

October 04, 2023 -

"[Biden] wants electric vehicle mandates that will spell the death of the U.S. auto industry," Trump told a group of UAW workers in Clinton Township, a northern suburb of Detroit.

Electric vehicle mandates are a sensitive issue for the UAW, which started a strike last month against the Big Three auto manufacturers of General Motors, Ford and Stellantis over dissatisfaction with pay and benefits amid the Biden administration-fueled inflation crisis and wage stagnation....

GRAND THEFT AUTO: Philadelphia car dealership loses most of its vehicles to thieves less than a week after opening

October 04, 2023 -

City Motors, located in the Mayfair neighborhood in the City of Brotherly Love, is on the brink of closing for good just days after opening. This is because thieves made off with several vehicles it was selling on the early morning of Sept. 27, according to WPVI 6.

The outlet reported that a group of criminals broke into the dealership's office on Frankford Avenue during the late hours of the previous day and ransacked the premises. The thieves stole the keys to seven ...