US Bank sees Q4 uptick in delinquencies, NCOs
Despite an uptick in fourth-quarter delinquencies and net charge-offs in its auto portfolio, U.S. Bank has steadily decreased its credit ...
Tag: delinquencies
Auto finance industry’s Q3 is a bright spot
The auto industry, overall, saw a stronger performance in the third quarter than leaders expected at the onset of the ...
US Bank shrinks credit reserve, grows digital
U.S. Bank’s third quarter reflected a decline in credit loss provisions, an increase in auto outstandings, tightening of credit standards, ...
Weekly Wrap: Auto industry pulls back on consumer assistance
This week, the auto industry is eyeing potential increases in delinquency rates as long-term deferrals come to an end. Since ...
Consumers in financial hardship dips following COVID peaks
The percentage of auto accounts in financial hardship status fell to 6.16% in July, a decrease of 104 basis points ...
Nicholas Financial builds direct loan portfolio
Direct loan originations for Nicholas Financial increased 18% year over year to $2.4 million in principal balances in the first ...
Compliance experts discuss ethics as deferrals end
Lenders will need to remember one thing as pandemic-spurred deferral programs end and an influx of delinquencies and repossessions begin ...
Santander Consumer USA ups ACL, increases Chrysler Capital originations
Santander Consumer USA joins more than eight other lenders in upping its allowance for credit losses on a quarterly basis ...
