Auto lending

Dimon returns to work; Fannie, Freddie may need bailout if lockdown persists


The CEO says he is getting stronger and working remotely; if the lockdown lasts several months, the GSEs may need a bailout, FHFA head Mark Calabria says.


Democratic senators quiz CFPB on its auto lending policies


Sens. Sherrod Brown and Elizabeth Warren criticized Director Kathy Kraninger for not issuing any public enforcement actions against auto lenders during her tenure.


Bank faces backlash on Tubman card; HSBC to cut costs, workers


Black-owned OneUnited is getting grief for its depiction of the abolitionist on a debit card; the bank plans $4.5 billion in cost cuts, with 35,000 jobs cut.


How should banks view mounting household debt?


Depending on one's perspective, the surge in consumer borrowing is either a normal byproduct of a booming economy or a worrisome trend that portends a wave of delinquencies when the next downturn hits.


Consumer lending outlook: Solid near term, shaky long term


Mortgages, auto loans and credit cards should perform well for the next two quarters. Beyond that, all bets are off.


New Santander Consumer chief: Fiat partnership is still main focus


Loans made for Fiat Chrysler represented the largest chunk of Santander Consumer's lending in the fourth quarter, and Mahesh Aditya said their relationship is his top priority.


Auto loan delinquencies hit eight-year high


The percentage of consumers who are past due on home equity loans, RV and other personal loans also rose in the third quarter, data released by the American Bankers Association showed.


California fines title lender, says its pricing violated state law


The Department of Business Oversight said TitleMax charged consumers fees to push loan amounts above the threshold at which the state's rate cap applies.


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


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.


Goldman's small world; Bitcoin’s woes go beyond price


The bank may extend advisory service to clients with as little as $5,000 to invest; trading of the cryptocurrency has plunged.