Auto lending

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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Credit card, auto loan delinquencies hit seven-year high

04/11/19

More consumers were late in paying two major types of loans in the latest figures from the American Bankers Association, but it appears to be a relatively isolated problem.

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California seeks to revoke auto title lender's license

03/19/19

The state's financial regulator says Fast Money Loan charged consumers interest rates and fees above the state's usury cap, and operated unlicensed storefronts.

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Sloan on the defensive (again) about Wells Fargo’s sales tactics

03/12/19

In a tense back and forth with lawmakers, the embattled CEO pushed back on claims that the bank still pressures employees to hit sales targets and retaliates against those who speak up.

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