Tag: CECL

Automation fintech Open Lending has seen increased interest in its lender protection program from banks as economic conditions worsen and ...

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

Santander Consumer USA has increased its allowance for credit losses by $2.5 billion due to Day 1 CECL impacts and ...

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

Despite furloughing 15% of its employees last week, Nicholas Financial is still accepting new loan applications, several dealers confirmed to ...

Fifth Third Bank has set aside an additional $129 million in reserve for its indirect consumer loans, which consist predominantly ...

A “majority” of Truist Bank’s 330,000 consumer loan deferrals are current, including the bank’s subprime auto book, Chief Risk Officer ...

Ally Financial has set aside $2.8 billion in retail auto reserves, a $1.8 billion year-over-year increase, as the COVID-19 crisis ...