Auto lending

Damage from scandal continues to mount at Lending Club

02/14/17

The San Francisco online lender reported a $32 million loss in the fourth quarter, which brought red ink for the full year to $146 million.

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How GIS maps help banks chart course for branches, lending

02/14/17

More and more banks are using advanced geographic information systems to help make decisions around branch consolidation, lending in low-income communities, monitoring fraud and even deploying talent.

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Why these big banks are retreating in auto lending

02/13/17

JPMorgan Chase and Wells Fargo are among the large institutions that are making fewer car loans amid intense price competition and concerns about that lenders are at risk of bigger losses.

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Ally’s profits slump as it pursues new products, customers

01/31/17

The $163.7 billion-asset auto lender reported net income of $248 million, down 5.7% as a result of an increased loan-loss provision and noninterest expenses.

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The CFPB overdraft lawsuit isn’t TCF’s only problem

01/27/17

TCF Financial executives are considering pulling back from selling auto loans, following a sharp decline in gains during the fourth quarter.

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TCF profits fall on credit costs, lackluster fee income

01/27/17

Declines in deposit-service charges and in gains on the sale of auto loans drove down 4Q earnings.

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Credit woes hit Santander Consumer's bottom line

01/25/17

The auto lender also said originations fell 24% due to intense competition.

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Huntington starts to tap into last year’s FirstMerit acquisition

01/25/17

Acquisition pushes quarterly revenues past $1 billion for first time ever.

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Capital One profits fall 14% on higher credit costs, less fee income

01/24/17

Total loans rose 7%, but the provision for loan losses jumped 27% to $1.7 billion.

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Auto finance (finally) shifts into the digital age

01/24/17

A deal between Ford Motor Credit and a San Francisco-based startup will give car buyers the option of customizing their own loan terms.

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