Auto lending

House Dems put spotlight on auto lending discrimination

05/01/19

Democratic lawmakers made clear at a hearing Wednesday that they do not intend to abandon the issue following the GOP's repeal of regulatory guidance last year.

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Santander Consumer reports 14% jump in auto loans

04/30/19

The surge in originations during the first quarter more than offset a decline in demand for new leases.

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Berkshire Hills exiting national mortgages, indirect auto

04/30/19

The Boston company gained the mortgage platform when it bought First Choice in 2017.

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C&I, fee income boost Capital One's 1Q profit

04/25/19

The strong growth in commercial lending made up for more modest gains in credit card and auto lending, its two largest business lines.

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Consumer lenders ease fears over credit quality

04/18/19

Measures of loan performance were generally better than expected at Ally, American Express, Synchrony and Sallie Mae. Their 1Q reports suggest that consumers remain able to meet their obligations despite a long run-up in debt.

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Credit card, auto loan delinquencies hit seven-year high

04/11/19

More consumers were late in paying two major types of loans in the latest figures from the American Bankers Association, but it appears to be a relatively isolated problem.

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California seeks to revoke auto title lender's license

03/19/19

The state's financial regulator says Fast Money Loan charged consumers interest rates and fees above the state's usury cap, and operated unlicensed storefronts.

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Sloan on the defensive (again) about Wells Fargo’s sales tactics

03/12/19

In a tense back and forth with lawmakers, the embattled CEO pushed back on claims that the bank still pressures employees to hit sales targets and retaliates against those who speak up.

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CFPB’s Kraninger grilled over payday, military lending

03/12/19

The bureau's director, Kathy Kraninger, faced a barrage of criticism from Senate Democrats on the agency's lack of enforcement actions, a reversal on Military Lending Act examinations and changes to the payday loans rule.

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Toyota designing digital bank for drivers, not just dealers

03/08/19

Until now, Toyota Financial Services has offered banking services to its dealers. But as it builds its digital bank, that will soon change, according to its newly appointed chief information officer.

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