Auto lending

Wells, OCC ‘on path to resolution’ for auto borrowers: CFO

09/14/18

Speaking at an investor conference in New York, John Shrewsberry addressed a recent media report saying regulators had rejected Wells Fargo’s restitution plan for overcharged auto customers.

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U.S. Bank eyes expansion in crowded Texas, Southeast markets

09/13/18

The Minneapolis bank is betting that it has the heft — and the brand recognition — to compete for deposits in states where its biggest rivals already dominate.

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Auto lending has stabilized, but will it stick?

09/07/18

Delinquencies have held steady for a year, and observers are optimistic about upcoming third-quarter data. But the long-term question is whether solid underwriting can overcome higher vehicle prices and consumer debt burdens.

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Ally to exit RV, airplane and transportation equipment lending

08/29/18

The Detroit bank wants to focus on its core business instead, but other institutions have seen rapid growth in loans for recreational vehicles and other large pieces of transportation equipment.

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Santander Holdings released from three-year-old enforcement action

08/16/18

The Federal Reserve had ordered improvements in compliance, board oversight, risk management, capital planning and liquidity risk management that spanned multiple subsidiaries.

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Toyota finance arm lines up next CEO

08/06/18

Toyota Financial Services has promoted a company insider to replace Mike Groff, who is retiring at the end of this month.

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Consumer debt is at an all-time high. Should banks be worried?

07/30/18

As memories of the financial crisis fade, consumers are back to their old spending and saving habits — and that could be a big problem.

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Ally’s Q2 results helped by auto loans, hurt by deposit trends

07/26/18

The Detroit company is facing stiffer competition in the battle for online deposits, but it has benefited from a key rival's retreat in auto lending

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Has Santander Consumer turned the corner on credit?

07/25/18

As the company boosts originations to subprime and other borrowers, it remains to be seen if the improvements in asset quality will continue. A similar question mark is hanging over many consumer lenders these days.

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How a strong Midwest economy is stifling Huntington's growth

07/25/18

The Ohio company said low unemployment is keeping business clients from expanding, while higher asking prices are forcing it to avoid bank acquisitions.

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