Auto lending

Santander’s U.S. units not out of woods yet

06/03/19

Santander Bank and Santander Consumer USA have put many problems behind them in recent years under CEO Scott Powell, but he still has a Federal Reserve enforcement action to resolve and is negotiating with Fiat Chrysler to preserve a crucial auto lending relationship.

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Wells Fargo expands board, mulls changes to auto loan pricing

05/29/19

The scandal-plagued bank announced Wednesday that it is adding a board member with deep experience in accounting. It is also considering a switch to flat pricing in indirect auto lending, a change long favored by consumer advocates.

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CFPB’s Kraninger digs in over halt to military lending exams

05/27/19

Kathy Kraninger, the bureau's director, is in a standoff with Democrats about her claim that the agency cannot supervise institutions under the Military Lending Act.

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What’s behind the rise in credit card delinquencies

05/14/19

It’s no coincidence that with more than half of consumers ages 20 to 29 now holding credit cards — up from 41% in 2012 — 90-day delinquency rates are at a seven-year high, according to the New York Fed.

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This behavioral metric could help banks get ready for next downturn

05/02/19

The Money Anxiety Index, a measure of consumer saving and spending habits, has started rising off a 50-year low. The economist who created it says that means another slump is nearing, and that banks should use the intel in pricing deposits and making other decisions.

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House Dems put spotlight on auto lending discrimination

05/01/19

Democratic lawmakers made clear at a hearing Wednesday that they do not intend to abandon the issue following the GOP's repeal of regulatory guidance last year.

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Santander Consumer reports 14% jump in auto loans

04/30/19

The surge in originations during the first quarter more than offset a decline in demand for new leases.

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Berkshire Hills exiting national mortgages, indirect auto

04/30/19

The Boston company gained the mortgage platform when it bought First Choice in 2017.

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C&I, fee income boost Capital One's 1Q profit

04/25/19

The strong growth in commercial lending made up for more modest gains in credit card and auto lending, its two largest business lines.

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Consumer lenders ease fears over credit quality

04/18/19

Measures of loan performance were generally better than expected at Ally, American Express, Synchrony and Sallie Mae. Their 1Q reports suggest that consumers remain able to meet their obligations despite a long run-up in debt.

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