Billing Friction Puts $12.3 Billion in Auto Loan Payments at Risk
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Auto lenders are entering a period in which collections performance will depend on more than identifying borrowers who are falling behind. They also must account for what happens between the monthly statement and the receipt of payment. The Federal Reserve Bank of New York’s “Quarterly Report on Household Debt and Credit,” released in August, put […] The post Billing Friction Puts $12.3 Billion in Auto Loan Payments at Risk appeared first on PYMNTS.com.
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