Tag: covid19

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

A squeeze in vehicle inventories could affect budding car sales across the U.S. following pandemic-spurred shutdowns, the Federal Reserve System ...

Applications for U.S. unemployment benefits posted the smallest weekly decline since March after coronavirus cases surged and reopenings paused or ...

Chase Auto’s originations plummeted early in the second quarter to levels not seen since the Great Recession before rallying to ...

PNC Financial Services is ratcheting up its allowance for credit losses amid the industrywide trend of dwindling delinquency rates in ...

Auto repossessions are expected to surge above pre-pandemic levels as lender deferral programs begin to peter out in the coming ...

Wells Fargo Auto’s second quarter was marked by increases in allowance for credit losses and net charge-offs, and a fall ...

When the coronavirus pandemic first took hold in the U.S., auto lenders began offering programs to offset consumer hardship. Although ...