Auto lending

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.

Reliance on asset-based loans protects banks as retail chains flounder; average FICO score hits record 700 while the percentage of those with scores below 600 hits new low.

The 'revolution' in auto financing, communication tips and the keys to member engagement were all topics of focus during the second day of CU Direct's annual DRIVE conference in Las Vegas.

As the annual DRIVE conference kicked off in Las Vegas, credit union leaders gathered for wide-ranging discussions on the future of auto lending.

The old record was set just before the Great Recession, and what may be most remarkable is that it took nearly nine years to reach a new milestone.

Steve Allocca is expected to play a key role in the online lender’s efforts to restart loan growth.

Loan origination system part of company’s lending technology push.

The Minnesota company recently announced that it would stop selling auto loans since credit quality concerns have slowed investor demand, but it is unclear whether its plan to keep all its car loans on its books is less risky.

The GOP is working on a plan that could extend the Congressional Review Act's reach so that it may overturn certain policies all the way back to 1996.

Executives at the embattled bank made clear Thursday that they are not discarding its long-standing strategy of selling additional products to existing customers.

Banks are increasingly tightening lending standards for commercial real estate loans and are likewise seeing a drop-off in demand, according to a report released Monday by the Federal Reserve Board.

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.