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 ...
Tag: delinquencies
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 ...
Ally Financial net charge-offs expected to double by year end
Ally Financial forecasts its retail auto net charge-offs (NCO) to be between 1.8% and 2.1% of its portfolio by the ...
PNC pumps up allowance for credit losses amid reduced delinquencies
PNC Financial Services is ratcheting up its allowance for credit losses amid the industrywide trend of dwindling delinquency rates in ...
Q1 delinquencies drop despite frail economy
Delinquency rates in the first quarter fell despite the coronavirus pandemic ravaging the auto industry in late March, according to ...
How subprime lenders face the coronavirus economy
What a difference a few months make. Last year, subprime lenders outpaced banks, captives and credit unions at a rate ...
