Tag: delinquencies

Ally Financial forecasts its retail auto net charge-offs (NCO) to be between 1.8% and 2.1% of its portfolio by the ...

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

Delinquency rates in the first quarter fell despite the coronavirus pandemic ravaging the auto industry in late March, according to ...

What a difference a few months make. Last year, subprime lenders outpaced banks, captives and credit unions at a rate ...

This week, Santander Consumer USA announced a $550 million settlement with 33 states and the District of Columbia for allegations ...

Daimler Mobility has increased its provisions for credit risk by $487.3 million during the first quarter in anticipation of an ...

Santander Consumer USA has increased its allowance for credit losses by $2.5 billion due to Day 1 CECL impacts and ...

Bank of America’s auto division has deferred “tens of thousands” of auto loans since first implementing its consumer relief measures ...