Auto lending

9 big ideas for 2019

01/02/19

From the end of overdraft fees to the rise of banks that watch their customers' every move, there are several new banking trends on the horizon in 2019.

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Add BMO Harris to list of banks aligning with auto fintechs

12/05/18

The Chicago bank's new partnership with AutoGravity mirrors others struck this year by JPMorgan Chase and U.S. Bank with providers of mobile apps that bundle the car-buying and lending processes.

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CFPB fines Santander Consumer for auto add-on product

11/20/18

The agency alleges the subprime auto lender violated consumer finance laws by misrepresenting the level of guaranteed insurance protection.

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Millennials don't need cars? Their debt loads say otherwise

11/16/18

Adults ages 18 to 29 may have a hard time getting a mortgage, but they are not shying away from other forms of consumer debt, according to a report by the New York Fed.

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Santander Consumer's 3Q results show company at a crossroad

10/31/18

The Dallas subprime auto lender seems to be reaching the bottom of its lingering supply of accounting issues, yet its origination of more loans through Fiat Chrysler underlined questions about the future of its relationship with the big carmaker.

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Deposit surge highlights strong 3Q for Ally Financial

10/25/18

Deposits topped $100 billion during the quarter while profits climbed 34% thanks to higher loan yields and lower taxes.

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Puerto Rico's biggest bank finds ways to grow as island population shrinks

10/24/18

Popular's 16% gain in deposits and a recent acquisition bode well for its future even though there has been a major net loss of residents since Hurricane Maria.

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Higher yields, equipment finance fees boost TCF's 3Q earnings

10/22/18

The $22.9 billion-asset TCF also highlighted improvements in credit quality in the third quarter as it continued to exit the auto finance business.

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Pentagon, others baffled by CFPB plan to cease military lending exams

10/11/18

The bureau says it lacks explicit authority to conduct routine supervision of lenders’ compliance with service member protections, but the decision has sparked pushback from the Defense Department and groups representing military personnel.

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How AI helped double volume at this auto lender

09/27/18

The subprime auto lender Prestige Financial Services used machine learning to make more effective lending decisions than its former model.

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