Risk Management
TD Auto Reduces 2Q Provisions 11% Amid Lower Losses
TD Bank Group lowered its provisions for U.S. auto credit losses by 11% in the second quarter -- to $54 million --...
Santander Consumer Eyes Prime Loan Growth With Funds From Parent
Banco Santander SA plans to tack on another 9.7% to its existing 59% stake in Santander Consumer USA -- it was...
Ford Credit Canada Preps Floorplan Securitization
Ford Credit Canada has issued its first floorplan securitization since 2013, and ratings agency DBRS expects the new issuance will perform...
Judge Grants Argument for Toyota Financial to Arbitrate Class Action
Toyota Financial Services was granted argument to compel arbitration for a 2015 class action case, which alleges the captive charged illegal...
First Tech CU Targets Growth in Near-Prime
First Tech Credit Union is expanding down the spectrum to gain marketshare amid signs of a “sluggish” auto finance market,...
Dealer Roundup, Part II: 6 Dealers Speak Out About Lender Support
Lenders need to not only visit their dealers, but also frequently communicate how the deal should be structured to accommodate...
Wells Fargo Slashes Originations 45% in 2Q
Wells Fargo Dealer Services Inc. nearly halved its originations in the second quarter, compared with the prior-year quarter, reflecting tighter...
Chase Auto Lease Outstandings Rise 41% YoY in 2Q
Chase Auto Finance’s second-quarter lease outstandings increased 41% in the past year to $14.7 billion, the bank announced in its earnings...
