Credit woes hit Santander Consumer's bottom line
The auto lender also said originations fell 24% due to intense competition. ... Read full article
News Topic: Auto lending
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Huntington starts to tap into last year’s FirstMerit acquisition
Acquisition pushes quarterly revenues past $1 billion for first time ever. ... Read full article
Auto finance (finally) shifts into the digital age
A deal between Ford Motor Credit and a San Francisco-based startup will give car buyers the option of customizing their own loan terms. ... Read full article
Capital One profits fall 14% on higher credit costs, less fee income
Total loans rose 7%, but the provision for loan losses jumped 27% to $1.7 billion. ... Read full article
Business lending, acquisitions drive BB&T profit growth
Profit surged at BB&T in Winston-Salem, N.C., during the fourth quarter, driven by various acquisitions and growth in business lending. ... Read full article
Spat between CFPB, GOP intensifies with auto lending report
A House Republican report, charging that Consumer Financial Protection Bureau Director Richard Cordray "may have broken the law" when the agency cracked down on auto lenders, appeared to escalate the GOP's clash with the agency. ... Read full article