Auto lending

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


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.


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


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.


Auto lending has stabilized, but will it stick?


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.


Ally to exit RV, airplane and transportation equipment lending


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.


Santander Holdings released from three-year-old enforcement action


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


Toyota finance arm lines up next CEO


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


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


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


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


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


Has Santander Consumer turned the corner on credit?


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.


How a strong Midwest economy is stifling Huntington's growth


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