Regulatory risks in providing coronavirus-based payment deferrals [VIDEO]
The coronavirus outbreak has resulted in an economic recession spurred by shelter-in-place orders that have shuttered doors for nonessential businesses, ...
Tag: Coronavirus
Subprime stocks drop $7B in market cap since March
The auto finance sector has been pressured from all sides since COVID-19 took root in the U.S. With vehicle production ...
JPMorgan Chase, Wells Fargo hunker down for increased credit losses
JPMorgan Chase and Wells Fargo are stockpiling reserves in the expectation of increased credit losses as a result of the ...
Fear of an impending car-price collapse grips auto industry
The auto industry -- already fretting lengthy factory shutdowns and depressed new-vehicle demand -- is starting to sound the alarm about a ...
COVID-19 strains Santander’s target Chrysler Capital goals
The coronavirus pandemic could put strain on Santander Consumer USA’s financing alliance with Fiat Chrysler Automobiles, according to filings with ...
Dealer woes spur negative floorplan ABS outlook
Dealers may not have the financial stability to repay floorplan credit lines as the COVID-19 economic crisis collapse vehicle sales ...
Consumer sentiment continues to slide
As the new-vehicle sales forecast plummets to 10.7 million units, consumers show no sign of renewed confidence in the short ...
AutoNation CEO Cheryl Miller taking leave for health reasons
AutoNation Inc. granted Chief Executive Officer Cheryl Miller a leave of absence for health reasons and said its long-time former ...
