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US hiring rebound markedly slows amid surge in virus cases
The U.S. labor-market rebound markedly slowed in November, indicating the surge in Covid-19 cases is hitting workers and curbing the...
Subprime lending share nears Great Recession lows
© Can Stock Photo / welcomia Subprime financing segments declined to near-record lows in the third quarter on the heels...
Remote work to continue in 2021, lenders say
Many auto lenders are planning to keep their offices operating remotely until mid-2021 due to ongoing pandemic concerns. GM Financial’s...
Banks to decrease reserve balances through yearend
Major domestic banks are pumping the brakes on increasing reserve balances in the fourth quarter amid improving macroeconomic conditions. Nearly...
Vehicle interest rates fall to lowest since 2017
National vehicle interest rates haven’t been this low since August 2017, with year-over-year declines each month in 2020 through November....
Chasing Excellence: Ravi Raghu, Auto Finance Executive of the Year
Ravi Raghu At the end of January, on the heels of an 11% year-over-year increase in origination volume to $29.3...
PNC eyes footprint expansion with BBVA acquisition
Photographer: Christopher Dilts/Bloomberg PNC Financial Services has set its sights on expanding its footprint with its $11.6 billion purchase of...
CFPB refines debt-collection rule
After reviewing 37,000 comments in the past seven years, the Consumer Financial Protection Bureau is nearing the finish line on...
