Auto lending

Speaking at an investor conference in New York, John Shrewsberry addressed a recent media report saying regulators had rejected Wells Fargo’s restitution plan for overcharged auto customers.

The Minneapolis bank is betting that it has the heft — and the brand recognition — to compete for deposits in states where its biggest rivals already dominate.

Delinquencies have held steady for a year, and observers are optimistic about upcoming third-quarter data. But the long-term question is whether solid underwriting can overcome higher vehicle prices and consumer debt burdens.

Net income up is up for the industry on average, but the number of federally insured credit unions has dropped to 5,480.

The Detroit bank wants to focus on its core business instead, but other institutions have seen rapid growth in loans for recreational vehicles and other large pieces of transportation equipment.

During the recent Online Discovery Conference from CUNA Mutual Group, one analyst offered a series of tips for how credit unions can make the most of lending in a changing interest rate environment.

CUNA Mutual Group Economist Steve Rick is predicting a "mild, moderate recession" in the next few years. Here's how credit unions could be impacted in the run-up to that.

The Federal Reserve had ordered improvements in compliance, board oversight, risk management, capital planning and liquidity risk management that spanned multiple subsidiaries.

Toyota Financial Services has promoted a company insider to replace Mike Groff, who is retiring at the end of this month.

As memories of the financial crisis fade, consumers are back to their old spending and saving habits — and that could be a big problem.