Auto lending

Ally Financial in Detroit reached a truce with Lion Point Capital, as it agreed to appoint an independent director in consultation with the activist investor.

Chicago-based Avant said Monday that it has started offering to refinance car owners’ loans. The firm also plans to begin financing purchases of new and used vehicles later in 2016.

The increasingly troubled sector often draws comparisons to the subprime mortgage market of the 2000s. But the more apt analogue is the auto-lending sector of the 1990s.

American Banker Research's Index of Banking Activity, which had the lowest reading in its nearly four-year history in January, revealed that issues in oil-producing states are contributing to decreases in commercial loan applications and approvals.

Santander Consumer USA Holdings said that it is changing certain accounting practices after the Securities and Exchange Commission raised questions about the firm’s methodology.

Personal income gains, coupled with historically low interest rates, should help cushion borrowers and reduce the likelihood of a rise in defaults despite the recent increase in auto lending, according to a new report from London-based Capital Economics Ltd.

Their top executives sure don't. Income streams are constrained in every business line, the economic picture remains murky, and big banks are talking about cutting more expenses again.

HarborOne Bank, a mutually owned co-operative bank in Brockton, Mass., plans to sell shares to the public.

During the fourth quarter of 2015, U.S. auto loans carried longer terms, while average monthly payments rose, and a larger percentage of loans went to less creditworthy borrowers, according to a new report from Experian Automotive.

Santander Consumer USA Holdings delayed the filing of its annual report Monday amid discussions with the Securities and Exchange Commission regarding unresolved accounting issues.