Tag: credit losses

Subprime lender Nicholas Financial has ramped up its direct loan originations 150.3% year over year, according to the company’s earnings ...

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 ...

Citizens Bank and U.S. Bank are the latest financial institutions to set aside additional capital in anticipation of increased credit ...

Auto lenders with the highest volume of loans outstanding in California, Texas and Florida are the most exposed to future ...

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

JPMorgan Chase and Wells Fargo are stockpiling reserves in the expectation of increased credit losses as a result of the ...