Weekly Wrap: Navigating the road less traveled [Video]
This week, Santander Consumer USA announced a $550 million settlement with 33 states and the District of Columbia for allegations ...
Tag: delinquencies
Daimler Mobility adds $487M for future losses in Q1
Daimler Mobility has increased its provisions for credit risk by $487.3 million during the first quarter in anticipation of an ...
Santander ramps up reserves by $2.5B
Santander Consumer USA has increased its allowance for credit losses by $2.5 billion due to Day 1 CECL impacts and ...
Bank of America defers ‘tens of thousands’ of auto loans
Bank of America’s auto division has deferred “tens of thousands” of auto loans since first implementing its consumer relief measures ...
Moody’s lifts auto underwriting outlook
Moody’s Investors Service softened its assessment last week of auto underwriting to “weaker end of historical averages” from “weak,” as ...
Origination volume jumped in 3Q19
Auto loan origination volume continues to increase despite affordability concerns overshadowing the industry, according to TransUnion’s Q4 2019 Industry Insights ...
Delinquency rates push up subprime APRs
Record severe delinquency rates – loans 60-or-more days past due – are the key reason that subprime annual percentage rates ...
CU auto outstandings top $374B in 3Q
Credit unions closed out the third quarter with a combined $374.2 billion of new- and used-auto loan outstandings, up 3.5% ...
