Chase Charge-Offs Rise 47% Amid One-Time Change in Reg Guidance

Chase Auto Finance’s charge-offs climbed to $116 million in the third quarter, up from $79 million the same time the year prior, following a change in the treatment of customer bankruptcies, according to the bank’s earnings call today. “Auto charge-offs included approximately $50 million of a catch-up reflecting regulatory guidance on the treatment of customer […]
  • Emma Sandler
  • October 12, 2017
  • 3

What a Ride! Four Takeaways from 2016

The year of 2016 was a year of many things. It was a year in which the industry made a bid to marry auto lending and fintech. For example, Chase Auto Finance debuted a digital car-buying service, while Lending Club launched an auto refinance product. It was a year that brought surprising election results, which […]
  • Larissa Padden
  • December 28, 2016
  • 0

Chase’s Dimon Talks Credit Losses in Auto, Future Regulation

JP Morgan Chase & Co. remains “cautious” that credit losses could rise in the auto sector, Jamie Dimon, chairman and chief executive officer, of the company said during the Goldman Sachs Financial Services Conference today. The comment came as a brief acknowledgement that there could be a downturn in the sector. Earlier this year, the […]
  • William Hoffman
  • December 6, 2016
  • 0

Chase Auto 3Q Originations Grow 14% YoY

Chase Auto Finance originated $9.3 billion of auto loans and leases in the third quarter, up from $8.5 billion in 2Q, and up from $8.1 billion at the same time a year prior, the company announced today. The 30+ day delinquency rate for auto was at 1.08% in the third quarter, down from 1.16% in […]
  • Larissa Padden
  • October 14, 2016
  • 2