Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Nicole Casperson and Joey Pizzolato

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Chase virtual sessions up 5x since COVID-19 outbreak

JPMorgan Chase has executed almost 150,000 concurrent virtual sessions in the past few weeks which, according

American Honda Finance liquidity at risk if capital markets dry up

American Honda Finance Corp.’s heavy reliance on capital markets for funding and liquidity could spell trouble

Weekly Wrap: COVID-19 implications for lenders sink in [Video]

This week the auto lending industry saw the negative impacts of the coronavirus crisis put pressure

Bank of America CEO says half a million customers have deferred payments

Half a million of Bank of America Corp.’s 66 million customers have deferred loan payments because

Volume declines spur Crescent Bank to furlough auto staff, tighten underwriting

Subprime lender Crescent Bank & Trust has tightened its underwriting policies and furloughed a “significant” number

JP Morgan: Credit losses to hit crisis levels as residual values drop

The negative impacts of the coronavirus crisis on the auto industry will likely put pressure on

Consumers delay off-lease returns

Consumers are delaying their off-lease returns as COVID-19 shelter-in-place orders have shuttered dealership doors and limited

US jobless claims doubled to record 6.65 million last week

The number of Americans applying for unemployment benefits more than doubled to a second straight record

Credit Union Auto Lending Surges

David Thompson

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