Bank of America postpones CECL, sets aside $3.6B for COVID-19
Bank of America has tapped the Federal Reserve's March 27 option to defer estimated capital impact under current expected credit loss...
Regulatory risks in providing coronavirus-based payment deferrals [VIDEO]
The coronavirus outbreak has resulted in an economic recession spurred by shelter-in-place orders that have shuttered doors for nonessential businesses,...
JPMorgan Chase, Wells Fargo hunker down for increased credit losses
JPMorgan Chase and Wells Fargo are stockpiling reserves in the expectation of increased credit losses as a result of the...
COVID-19 strains Santander’s target Chrysler Capital goals
The coronavirus pandemic could put strain on Santander Consumer USA’s financing alliance with Fiat Chrysler Automobiles, according to filings with...
TALF-backed auto ABS deals unlikely until Q3
The auto industry might not see its first securitization backed by the Federal Reserve’s term asset-backed loan facility (TALF) until...
Weekly Wrap: Lender liquidity and automaker furloughs [Video]
This week the auto lending industry continues to be negatively impacted by the COVID-19 economic crisis. Auto Finance News uncovered...
Santander’s liquidity to prop up lender through pandemic
Santander Consumer USA’s total funding and liquidity is likely to sustain the subprime lender through the COVID-19 economic crisis. SCUSA...
8 startups seeking to fill tech gaps spurred by COVID-19 [Demos]
The coronavirus outbreak has accelerated auto finance’s transformation into a digital-first industry, and it is vital for auto lenders to...
