Auto lending

The 15 credit unions ranged in assets from institutions with $17 million to one with more than $280 million.

The $22.9 billion-asset TCF also highlighted improvements in credit quality in the third quarter as it continued to exit the auto finance business.

The bureau says it lacks explicit authority to conduct routine supervision of lenders’ compliance with service member protections, but the decision has sparked pushback from the Defense Department and groups representing military personnel.

Credit unions in the Great Lakes State continued to add members in Q2 while a variety of loan types saw double-digit growth.

By using the app, which will go live Monday in a pilot program, customers can point their phone at a vehicle and get an augmented reality overlay that provides all its critical info: the make, model and year of the car, as well as its price range and other information.

The subprime auto lender Prestige Financial Services used machine learning to make more effective lending decisions than its former model.

By using the app, which will go live Monday in a pilot program, customers can point their phone at a vehicle and get an augmented reality overlay that provides all its critical info: the make, model and year of the car, as well as its price range and other information.

Already tasked with fixing Wells Fargo's scandal-plagued retail bank, Mary Mack has added a second big job: running a consumer lending operation that is dealing with reputational issues of its own.

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.

More than 137,000 credit union members will now have access to the online car-buying program.

The Detroit company is facing stiffer competition in the battle for online deposits, but it has benefited from a key rival's retreat in auto lending