Tag: Bank of America

Auto financiers are bracing for the rocky road ahead as vehicle sales plummet, consumer demand tanks and expected credit losses ...

Eight major banks tightened auto loan underwriting standards in the first quarter, according to the Federal Reserve’s Senior Loan Officer ...

In the past few weeks, six auto lenders have jump-started the securitization market after a nearly one-month hiatus. CarMax Auto ...

Capital One Financial Corp. has set aside $2.1 billion in reserve for its auto portfolio amid a 45% year-over-year decline ...

This week kicked off first-quarter earnings season with JPMorgan Chase, Wells Fargo, Bank of America, and Consumer Portfolio Services reporting ...

Bank of America has tapped the Federal Reserve's March 27 option to defer estimated capital impact under current expected credit loss ...

As the new-vehicle sales forecast plummets to 10.7 million units, consumers show no sign of renewed confidence in the short ...

This week the auto lending industry continues to be negatively impacted by the COVID-19 economic crisis. Auto Finance News uncovered ...