Auto lending

Credit losses shrink at Capital One

07/19/18

Credit card and auto loans grew again in the second quarter at the McLean, Va., company, and the net charge-off rates of both business lines fell, too.

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What 2Q says about the outlook for consumer credit

07/16/18

Bank of America’s consumer loans grew a lot. But its rivals? Not so much. The mixed results raise questions about whether BofA’s performance is a leading or trailing indicator, and if credit quality is going to be more of a problem industrywide.

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Santander Consumer lending practices draw fire from AFL-CIO

06/12/18

The largest U.S. labor federation is calling on Santander Consumer USA to end its practice of allowing car dealers to add interest to a vehicle loan unrelated to the borrower's creditworthiness.

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Auto lenders take on more risk; banks eschew muni bonds

06/11/18

Banks are extending maturities and making loans to riskier credits to boost volume; banks cut their muni holdings as tax rates drop.

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Losing Fiat Chrysler would threaten Santander Consumer’s independence

06/08/18

The Dallas auto lender might lose as much as one-third of its business if it severs ties with the automaker, raising fresh questions about whether its parent company will buy out shareholders and take full ownership.

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European merger talk; British fintech firm seeks U.S. bank license

06/05/18

UniCredit and Société Générale are discussing a merger; Revolut also plans to launch its mobile service in the U.S. this summer.

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Santander Consumer in talks to sell its share of partnership with Fiat

06/01/18

The subprime lender could lose a big partner now that Fiat Chrysler has officially announced it will form its own auto finance unit, and the two are negotiating an end to their 6-year-old relationship.

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Goldman VP nabbed for insider trading; more challenges for Deutsche

06/01/18

The banker made $140,000 in illegal trading profits; the German bank faces Fed stress test and “living will” examination soon.

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'Is anyone buying the "We've changed. Trust us" pitch?': Comments of the week

05/31/18

Readers react to acting Consumer Financial Protection Bureau Director Mick Mulvaney easing mortgage reporting requirements, opine on facial recognition systems, weigh in on Wells Fargo’s attempts to change its culture and more.

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Fed unveils Volcker 2.0; Santander Consumer may lose a big client

05/31/18

Proposal would simplify the rule prohibiting proprietary trading; Fiat Chrysler, which accounts for about a third of the unit’s business, may go solo.

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