Tag: Bank of America

This week Bank of America, Chase Auto, PNC Financial, U.S. Bank and Wells Fargo Auto all reported increases in allowances ...

Bank of America increased its allowance for credit losses in line with an emerging trend set by Chase Auto and ...

Tanya Sanders is Wells Fargo Auto's head of retail underwriting and fulfillment The Auto Finance News team is pleased to ...

COVID-19 is changing the Federal Reserve’s oversight of banks, Randal Quarles, vice chairman of supervision at the central bank, said ...

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 ...