Morning Scan: Subprime Auto Loan Fears Unfounded: Equifax; Square�...

Wall Street Journal

The rise in auto-loan balances, fueled in part by subprime auto lending (read American Banker's coverage of the New York Fed report here), should not necessarily be viewed as a cause for alarm, Equifax's chief economist told the Journal. "The difference between having reliable transportation and not having reliable transportation is life-changing for people," Amy Crews Cutts said. "When you hit a rough patch and are financially on the edge, which is often...