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Given the scale of damage to the region’s homes and cars, bankers are guarding against an expected spike in missed payments by extending loan terms, deferring payments and making other concessions.
September 7 -
An artificial intelligence model predicted creditworthiness more accurately than traditional models in an experiment conducted by the auto lender. The technology someday could be used to find hidden gems among loan applicants — emphasis on the someday.
August 31 -
The Canadian bank blamed flat profits at its U.S. business, which includes Chicago-based lender BMO Harris Bank, partly on Washington gridlock that has stalled pro-business reforms.
August 29 -
CFPB and OCC are looking at auto lenders’ policies regarding so-called GAP insurance; banks want greater collateral from retailers.
August 29 -
Powell downplayed fears about subprime auto lending, saying he aims to improve Santander Consumer's compliance culture, beef up customer services and expand its relationship with Chrysler Capital.
August 28 -
Scott Powell will lead the auto lender while continuing to serve as CEO of Santander Holdings, the U.S. division of the Spanish banking giant Banco Santander.
August 28 -
U.S. Bank and Wells Fargo to use Blend software to speed up mortgage origination processes; Robert Kaplan wants to keep stress tests on big banks.
August 25 -
SAFE FCU managed to set new auto loan volume records with a recent promotion. That growth dovetails with what's happening at credit unions across the country.
August 24 -
Austin, Texas-based CU has seen growth in auto, mortgage and commercial lending.
August 24 -
The commitments were the residue of restrictions that were placed on Ally in the wake of government bailouts in 2008 and 2009.
August 22 -
The bank agrees to pay $6 million to a California couple a judge said was illegally foreclosed on; do rewards programs help or hurt card issuers?
August 18 -
Basel Institute says enforcement is the problem; wealth adviser says bank steered clients away from her to white colleagues and blocked her promotion.
August 17 -
Auto, personal and credit card originations have fallen as delinquencies have risen, but researchers called the slowdown a temporary rebalancing by lenders.
August 16 -
The deal includes GrooveCar, GrooveCar Express, GrooveCar Direct and more.
August 10 -
Regulators and consumer activists are examining the relationships among banks, insurance companies and auto-loan borrowers following the new revelations about Wells Fargo and insurers' rising premium income.
August 8 -
Wells Fargo's regulators are looking into another issue involving insurance linked to auto loans as scrutiny of a key lending unit widens, according to people with knowledge of the matter.
August 8 -
Credit unions have surpassed both Capital One and Wells Fargo, which was the No. 1 auto lender in 2016.
August 8 -
Wells Fargo's admission that it charged customers for auto policies they didn't request has prompted an investigation by the California Department of Insurance.
August 8 -
Bank warns investors of bigger fallout from scandals; Senate Republicans may not have votes to overturn rule ending mandatory arbitration.
August 7 -
The auto-lending vendor’s growth comes as car loans continue to be a major growth area for credit unions, according to recent data.
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