News Topic: Auto leasing
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Santander Consumer will pay $60M to remain a Fiat Chrysler partner
The agreement is expected to solidify a lending partnership whose status had been in doubt for more than a year. But it raised as many questions as it answered. ... Read full article
Toyota designing digital bank for drivers, not just dealers
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. ... Read full article
Credit Unions with the Largest Portfolios of Loans and Leases
On Dec. 31, 2017. Dollars in thousands. ... Read full article
Surprising contributor to JPMorgan’s strong 1Q: Auto leasing
A 28% increase in lease assets helped offset stagnant growth in traditional auto lending. ... Read full article
Ally makes gains in auto lending as other banks retreat
The Detroit company recorded an 11% increase in car loans and leases originated during the fourth quarter, as well as a jump in yields. Ally appears to be benefiting from Wells Fargo's substantial retrenchment in auto lending. ... Read full article
Credit Unions with the Largest Portfolios of Loans and Leases
On Sep. 30, 2017. Dollars in thousands. ... Read full article
TCF exits auto lending, warns of $80M restructuring charge in 4Q
Citing the dim financial outlook for a business it entered just six years ago, the Wayzata, Minn., company will stop making auto loans on Dec. 1. ... Read full article
Auto lenders brace for losses from Harvey, Irma and Maria
The hurricanes destroyed hundreds of thousands of cars, and banks are significantly boosting their reserves in anticipation of higher defaults on auto loans. But there is also a silver lining for auto lenders. ... Read full article