Auto lending

Falling used-car prices pose risk to auto lenders: Capital One CEO


The average price of a previously owned car has fallen in two consecutive months, and if the trend continues, lenders could see losses mount, Richard Fairbank said this week.


Goldman's small world; Bitcoin’s woes go beyond price


The bank may extend advisory service to clients with as little as $5,000 to invest; trading of the cryptocurrency has plunged.


N.Y. Fed close to filling market ops spots; Subprime auto-backeds rev up


The Bank is poised to pick two people to handle Simon Potter’s former job; Securities backed by subprime U.S. car loans are “going gangbusters.”


Banks are all revved up for boat, RV lending


Bank of the West intends to stop making indirect auto loans and will instead focus on financing purchases of boats and recreational vehicles. It’s just the latest example of a regional bank pouring more resources into the powersports sector.


Google-Citi deal will face scrutiny; auto lending rises to near record level


The tech giant’s plan to offer checking raises concerns about how it will use customer data; third quarter loan originations were the second most on record.


Household debt hits new high as low rates boost mortgage demand


Home loan originations rose by double digits in the third quarter while auto loan originations approached an all-time high, according to new household credit data from the New York Fed.


Big-bank executives: Many businesses don't want to borrow


Top officials at Bank of America and Wells Fargo said that commercial loan demand is weak, even as U.S. consumers show strength. Their comments echo recent findings by the Federal Reserve.


Capital One's triple whammy


The credit card issuer, which recorded an 11% decline in net income last quarter, took one-time charges in connection with a U.K. sales scandal, the start of a new partnership with Walmart and a recent data breach.


The risk lurking in banks' car loan portfolios


While demand is strong and loan performance generally remains solid, the prevalence of longer loan terms has sparked concern that losses will eventually spike.


Auto lenders brace for hit from ride-sharing services


As apps like Uber and Lyft gain more traction, the need for new cars ⁠— and loans ⁠— is expected to diminish.