Federal Reserve announces emergency meeting on auto lending regulations • Click for details

Vehicle Sales

0
+ 0 %

AFN Composite Index

0

+7.00%

Inventory Index

0
- 0 %

SOFR

0
- 0 %

APR 48 Mos.

0
+ 0 %

Bank of America’s Q1 originations dip as bank prioritizes ‘high credit quality’ transactions

FICO score increased in bank’s$1B prime auto ABS deal issued April 15 

Truth Headlam

Bank of America’s auto originations dipped in the first quarter as it continues to prioritize higher-quality credit across funding decisions.  While the bank did not break out auto originations in its earnings report, Roger Boschulte, head of home and auto lending products, told Auto Finance News that originations declined in Q1.  “Funding decisions remain aligned with a sustained emphasis on high credit quality originations, balance sheet discipline and long‑term client value creation,” he […]

Already subscribed? Log in

Related Posts

Bank of America consumer vehicle net charge-offs tick down

Aidan Bush

CarMax Auto Finance originations down 1.5%

David Thompson

Wells Fargo Auto originations soar 110% YoY

David Thompson

Chase Auto originations down 3% YoY

David Thompson

Subscribe To Our Email Newsletter

Join industry professionals who start their day with our curated auto finance news.

* indicates required

By clicking submit below, you consent to allow Auto Finance News (Royal Media Group) to store and process the personal information submitted above to provide you the content requested.

For more information please visit www.royalmedia.com/legal.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices.

Sponsored

Tesla announces new fleet financing program

EV Finance

Subscribe to Our Newsletters

PowerSports Finance - Monthly coverage of the powersports lending market