The CFPB’s most recent quarterly report on consumer credit trends, released on November 1, 2017, focuses on the growth of longer-term auto loans (defined as auto loans with terms of six years or more). The CFPB notes that the rapid growth of long-term auto lending has been accompanied by an increase in longer-term financing. However, the report also reveals that the rapid growth of longer-term auto loans began to subside in 2016 and 2017, and provides some analysis of this new cooling trend.

To read the report, visit: https://www.consumerfinance.gov/documents/5744/cfpb_ consumer-credit-trends_longer-term-autoloans_2017Q2.pdf