-
In a further illustration of weakness in the auto sector, Ally Financial said Tuesday that its 2017 profits will likely be dinged by rising delinquencies on subprime auto loans, as well as by falling used-car prices.
March 21
-
The Kennesaw, Ga.-based firm, which makes online installment loans to borrowers with blemished credit records, currently operates in 14 states.
March 7 -
Longer loan terms may be compounding losses when cars are repossessed, a portfolio manager says.
March 1
-
The Dallas-based lender is planning to boost originations to borrowers with solid credit scores amid fears that the subprime auto market is overheating.
February 23
-
The auto lender also said originations fell 24% due to intense competition.
January 25
