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U.S. government worried about risky car loans

Ford CEO to Trump: 'We've created 25,000 U.S. jobs since 2011'

The explosion of auto lending may be starting to hit the skids.

A top banking regulator warned that the $1 trillion car loan industry has gotten more dangerous. The Office of the Comptroller of the Currency cited "unprecedented" growth in auto loans, rising delinquencies and shrinking used car values.

The banking watchdog also pointed to cutthroat competition among banks, which has led them to relax underwriting standards.

"Risks in auto lending continue to grow," the OCC warned in a twice-annual report detailing key risks facing U.S. banks.

The OCC didn't call out specific banks threatened by the auto lending problems, nor did it say the...


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