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The weakening car-loan market poses a big challenge for the Detroit-based lender, but it also could also present an opportunity, since other big banks are sharply reducing their exposure.
April 27 -
Depending whose money they're using, Wells Fargo and JPMorgan Chase either love subprime car loans or fear them.
April 27 -
The Consumer Financial Protection Bureau ordered an auto loan servicer on Wednesday to pay $2.4 million for failing to live up to the terms of a 2015 consent order.
April 26 -
Profits at the Dallas lender plunged as it slashed originations and edged up the credit spectrum.
April 26 -
The Cincinnati company’s 1Q profits were hurt as it scaled back in key consumer and commercial credits, paid higher severance and saw fee income fall.
April 25 -
Quarterly earnings at the Wayzata, Minn., company fell as gains from the sale of auto loans continued to slide.
April 24 -
A $26 million settlement by Santander Consumer is shining a light on the hard-to-measure problem of auto dealer fraud, while also raising questions about the adequacy of lenders' efforts to combat bad behavior.
April 21 -
New boss Andy Cecere's first year on the job will likely be defined by how he tackles the challenges in front of him, including keeping the company’s highly watched efficiency ratio in check and managing pitfalls in auto-lease financing.
April 19 -
After years when it looked like millennials might opt for car-sharing and ride-hailing services over car ownership, recent data tells a different story.
April 11Auto Financial Group -
New data from the American Bankers Association is the latest warning sign for the sector.
April 6