Auto lending

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


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.


What do car dealers think about outside lenders?


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.


Is it time to worry about mounting credit card debt?


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.


Santander Bank names longtime MUFG Union executive its CEO


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.


Warren warns consumer, corporate debt could cause next crisis


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.


Sluggish loan growth hurts profits at Capital One


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


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


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.


Wells Fargo sued for denying loan to Dreamer


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


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.


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


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.