We just got some data on auto lending, and it's setting off alarm bells

There is a lot of talk out there about the auto-loan market right now.The default rates for auto loans in oil-producing regions in the US have been jumping, while hedge fund honcho Jim Chanos has said the auto-lending market should "scare the heck out of everybody."
John Oliver has used time on his show, "Last Week Tonight," to highlight the ways some used-car dealerships take advantage of people.
Now, in a presentation Monday at the Barclays Financial Services Conference, Gordon Smith, the chie