Auto lending

Has removing tax lien data from credit records led to more bad loans?

09/03/19

A year after the major credit bureaus agreed to strip tax liens and civil judgments from consumers' credit files, a new study says it is hampering lenders' credit decisions. But proponents of the move insist it was the right call.

[more]

What do car dealers think about outside lenders?

08/29/19

A subsidiary of Citizens Financial Group placed first in a recent J.D. Power ranking of car dealer satisfaction with noncaptive auto lenders. However, that group — primarily banks and credit unions — lagged other types of auto lenders.

[more]

Is it time to worry about mounting credit card debt?

08/13/19

Borrower debt continues to rise, late payments are up and interest rates are at their highest levels since at least 1994. A new report raises questions about the sustainability of the card industry's boom.

[more]

Santander Bank names longtime MUFG Union executive its CEO

07/24/19

The hiring of Tim Wennes was one a series of leadership changes announced Wednesday by the holding company for the bank and the auto lender Santander Consumer.

[more]

Warren warns consumer, corporate debt could cause next crisis

07/22/19

The Democratic presidential candidate argued in a blog post that the U.S. could avoid a recession by canceling most student debt and authorizing regulators to more aggressively monitor leveraged lending.

[more]

Sluggish loan growth hurts profits at Capital One

07/18/19

The McLean, Va.-based credit card issuer reported expense growth that rose faster than net interest income during the second quarter.

[more]

Ally ends credit card experiment, pivots to point-of-sale loans

07/18/19

The company, which announced the conclusion of a three-year-old credit card partnership with TD Bank, is shifting to digital financing of individual consumer purchases.

[more]

Wells Fargo sued for denying loan to Dreamer

07/17/19

The claim of alleged discrimination over immigration status is the latest legal headache for Wells Fargo.

[more]

Santander Consumer will pay $60M to remain a Fiat Chrysler partner

07/01/19

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.

[more]

Wells Fargo to pay $385 million to settle auto insurance scam

06/07/19

The bank was accused of forcing borrowers to pay for insurance they did not need, pushing almost 250,000 of them into delinquency, according to a 2017 lawsuit.

[more]