Earnings
LendingTree Aims to Grow Subprime Network
LendingTree is working to expand its network of lending partners in an effort to better cater to subprime borrowers, Marketing...
Fed Numbers Place Ally as No. 1 Lender Amid Wells Fargo’s Pullback
For three and half years Wells Fargo Dealer Services has been the No. 1 provider of retail loans, but now...
Capital One Sees Charge-Offs, Delinquencies Rise in July
Capital One Financial Corp. reported a month-over-month rise in charge-offs and delinquencies by 0.06% and 0.36%, respectively, according to a monthly...
BB&T Boosts Subprime Portfolio 15%
Although BB&T Bank’s loan volume is declining overall, subprime outstandings grew 14.7% year over year, the lender said during its...
Nicholas Financial Reports 33% Drop in Contracts as Losses Rise
Nicholas Financial Inc. reported a 33% year-over-year drop in auto contracts acquired during the quarter ended June 30, due to “intense...
Hertz Downsizes Rental Fleet, but Upsizes Rideshare
Hertz Global Holdings Inc. reduced its total average fleet by 1% year over year, but increased the number of vehicles...
Regions’ Indirect Portfolio Drops 9.8% in 2Q
Regions Financial Corp.’s indirect vehicle lending balances dipped 9.8% year over year to $3.7 billion in the second quarter, according...
Santander Looks to Grow RoadLoans.com
Santander Consumer USA drove $69 million worth of volume through online origination portal RoadLoans.com in the second quarter, up 35%...
