In Reply to: Anti-Islamic US biker gang members run security at posted by mh on September 10, 2025 at 09:36:14
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 (CFA) warned.
"Delinquencies, defaults, and repossessions have shot up in recent years and look alarmingly similar to trends that were apparent before the Great Recession," according to a report by the CFA, which gave USA TODAY an exclusive first look.