Auto industry

New year, little change in credit union auto lending outlook

01/20/21

After a slowdown in 2020, inventory shortages and other factors could make the months ahead a grind for many lenders.

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Falling used-car prices pose risk to auto lenders: Capital One CEO

12/12/19

The average price of a previously owned car has fallen in two consecutive months, and if the trend continues, lenders could see losses mount, Richard Fairbank said this week.

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Auto lenders brace for hit from ride-sharing services

10/11/19

As apps like Uber and Lyft gain more traction, the need for new cars ⁠— and loans ⁠— is expected to diminish.

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Toyota designing digital bank for drivers, not just dealers

03/08/19

Until now, Toyota Financial Services has offered banking services to its dealers. But as it builds its digital bank, that will soon change, according to its newly appointed chief information officer.

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Ally to exit RV, airplane and transportation equipment lending

08/29/18

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.

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Losing Fiat Chrysler would threaten Santander Consumer’s independence

06/08/18

The Dallas auto lender might lose as much as one-third of its business if it severs ties with the automaker, raising fresh questions about whether its parent company will buy out shareholders and take full ownership.

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TD Bank to take auto-dealer financing business nationwide

03/14/18

As it expands to the West Coast, the bank will first target car dealers at which it is already an indirect consumer lender.

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One community bank’s novel approach to auto lending

01/05/18

Rather than jump right away into lending to car buyers, Access National will start by offering CRE and M&A financing to dealerships.

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GAO effectively scraps CFPB auto lending guidance

12/05/17

The Consumer Financial Protection Bureau’s 2013 guidance putting indirect auto lenders on the hook for unintentional discrimination by their partner dealers should have been subject to Congressional review, the Government Accountability Office said Tuesday.

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The other big risk in auto lending

05/31/17

GrandSouth Bancorp's issues with floor-plan loans to car dealers serve as a reminder of another pitfall in auto lending besides consumer loans.

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