CU Direct, a software technology developer, has beefed up technology to streamline auto lending. The integration of VinSolutions’ customer relationship management (CRM) system with ...

Wholesale used-vehicle values have continued to outpace past reporting periods, evidenced by a spike to 155.9 in Manheim’s mid-July used-vehicle ...

In late February, the financial department at Westlake Financial Services noticed something interesting: A few key words kept resurfacing during ...

Ally Financial forecasts its retail auto net charge-offs (NCO) to be between 1.8% and 2.1% of its portfolio by the ...

This week Bank of America, Chase Auto, PNC Financial, U.S. Bank and Wells Fargo Auto all reported increases in allowances ...

Truist Bank continues to accrue for potential loan losses as the country faces the coronavirus economic crisis.   Truist’s provision for credit losses totaled $844 million “given ...

On April 1, as the nation was in the beginning stages of its COVID-19 shutdown and companies, including financial institutions, ...

U.S. Bank’s second quarter was marked by a 74% increase from last quarter in credit loss provisions, a decrease in auto lending, and low delinquency ...