Capital One Auto boosts bank’s Q2 performance
Capital One’s auto division propped up the bank’s overall second-quarter performance, Chief Executive Richard Fairbank said on the company’s earnings call yesterday. “While the ...
Tag: capital one
Fed amends stress test due to COVID-19
COVID-19 is changing the Federal Reserve’s oversight of banks, Randal Quarles, vice chairman of supervision at the central bank, said ...
Leveraging Liquidity: Lenders brace for the coronavirus recession [Feature]
Auto financiers are bracing for the rocky road ahead as vehicle sales plummet, consumer demand tanks and expected credit losses ...
Fed: Big banks tighten credit standards on auto loans
Eight major banks tightened auto loan underwriting standards in the first quarter, according to the Federal Reserve’s Senior Loan Officer ...
Chase tees up Vroom Financial Services, Ally doubles floorplan line
Online used-car retailer Vroom is expanding its finance capabilities via two separate partnerships with the largest auto lending banks in ...
Capital One grows portfolio, identifies tech investments
Capital One Financial Corp.'s auto origination volume rose 11% to $29.3 billion last year, although Chief Executive Richard Fairbank expressed ...
Auto ABS volume surpasses 2018 levels
Auto asset-backed securitization volumes have already outpaced 2018’s yearend levels, according to data from JPMorgan Securities. Auto ABS volume hit ...
House committee urges oversight of consumer data stored in the ‘cloud’
Large banks and lenders will likely move most, if not all, of their computing needs to cloud platforms within the ...
