Auto lending

Wells Fargo's new car loans dropped by almost half in the second quarter, while its automotive portfolio fell to the lowest level in two years after the San Francisco-based company tightened underwriting standards.

Banco Santander plans to go ahead with a proposal to increase control of its U.S. subprime auto loan unit, after the business passed the Fed's stress test last month, according to people familiar with the matter.

AutoGravity of Irvine, Calif., has received $30 million in equity financing from VW Credit, according to a source familiar with the matter.

A new report from the American Bankers Association reinforces existing concerns about the ability of U.S. consumers to manage all of their debts.

Millennials already comprise a growing part of the auto market, and they'll gain significant ground by the end of the decade. Is your credit union prepared?

James Clinger is currently general counsel to the House finance panel; CFPB director refutes House panel claims he didn’t do his job in Wells Fargo investigation.

Large banks have scaled back lending as competition has intensified and credit unions and financing arms of car manufacturers are picking up the slack.

Large banks have scaled back lending as competition has intensified and credit unions and financing arms of car manufacturers are picking up the slack.

Despite the hype around self-driving cars and ride-hailing services, the automotive landscape remains much the same as ever. One thing that may be changing rapidly, however, is the way consumers buy their cars.

In the wake of allegations against subprime auto lender Santander Consumer, attendees of CU Direct’s DRIVE Conference discuss steps credit unions are taking to protect against fraud risks.