Auto lending

Warren warns consumer, corporate debt could cause next crisis


The Democratic presidential candidate argued in a blog post that the U.S. could avoid a recession by canceling most student debt and authorizing regulators to more aggressively monitor leveraged lending.


Sluggish loan growth hurts profits at Capital One


The McLean, Va.-based credit card issuer reported expense growth that rose faster than net interest income during the second quarter.


Ally ends credit card experiment, pivots to point-of-sale loans


The company, which announced the conclusion of a three-year-old credit card partnership with TD Bank, is shifting to digital financing of individual consumer purchases.


Wells Fargo sued for denying loan to Dreamer


The claim of alleged discrimination over immigration status is the latest legal headache for Wells Fargo.


Santander Consumer will pay $60M to remain a Fiat Chrysler partner


The agreement is expected to solidify a lending partnership whose status had been in doubt for more than a year. But it raised as many questions as it answered.


Wells Fargo to pay $385 million to settle auto insurance scam


The bank was accused of forcing borrowers to pay for insurance they did not need, pushing almost 250,000 of them into delinquency, according to a 2017 lawsuit.


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


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.


Wells Fargo expands board, mulls changes to auto loan pricing


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.


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


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.


What’s behind the rise in credit card delinquencies


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.