Earnings
VW Captive Ends 2015 Higher, Despite Dieselgate
Volkswagen Financial Services expects outstandings to grow about 5.8% worldwide for 2015, despite the VW diesel emissions scandal, which surfaced in...
CarMax Auto Finance Income Up; Subprime ‘Test’ Remains Tiny
CarMax Auto Finance reported higher income on a lower number of credit applications in the third quarter, as its mix...
Automated Job and Income Database Keeps Growing, Equifax Says
Lenders have come to rely on automated employment and income verification. A household name in that space, at least within...
CACC Buoys Portfolio of Public Auto Finance Companies in 2015
A portfolio of publicly traded auto finance companies has generated a strong return in 2015, although much of that seems...
Average Auto Debt Up $500 in 2016: TransUnion
The average auto debt per borrower should keep on increasing in 2016, to an estimated $18,509 for the fourth quarter...
Ally Financial Plans to Diversify Auto Business in 2016
Ally Financial Inc. plans to finance more commercial sales to small fleets, seek new OEM partners, and cross-sell Ally Bank customers...
Lenders Expect Small December Rate Hike, Won’t Hurt Much
Lenders said they aren’t fazed by the near certainty the Federal Open Market Committee could raise interest rates at its...
Ally Will Give Mortgage Lending Another Try, CEO Says
While auto finance will still be its core business, Ally Financial is getting back into the mortgage origination business in 2016....
