Auto lending

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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Look out Ally, Santander Consumer: Here comes Fiat Chrysler

05/30/18

Fiat Chrysler is expected to announce Friday that it will establish its own captive finance unit in the U.S. The move could be bad news for its lending partners.

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Reg relief, ADA bank threat, Wells millennial app: Top stories of the week

05/25/18

Comprehensive analysis of the banking industry's first big legislative victory since the crisis; lawsuits target banks with websites in violation of the Americans with Disabilities Act; what a homegrown app for millennials has to teach Wells Fargo; and more from this week's most-read stories.

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Wells Fargo to increase car lending, growing wary of CRE: Sloan

05/21/18

CEO Tim Sloan said that the bank has "pulled back enough" on auto lending and is poised to grow the business again.

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Trump makes repeal of CFPB auto lending rule official

05/21/18

The CFPB policy was aimed at preventing discriminatory markups on indirect loans made by car dealers, but current acting CFPB Director Mick Mulvaney said the guidance "seemed like a solution in search of a problem."

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Banks might not have long to cheer for reg relief

05/21/18

While reform legislation for banks is just around the corner, market signals suggest the economy could be headed toward another downturn.

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Lenders retreat from subprime consumer credit as losses mount

05/17/18

The post-recession boom in auto loans and credit cards for borrowers with marred credit histories has been winding down in recent months.

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Banks turn to blockchain; commercial loan growth

05/17/18

JPMorgan and Santander show off their uses for the technology; commercial and industrial loans outstanding are rising.

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