Subprime auto lenders prepare for delinquency, NCOs rise as stimulus support ends
Subprime auto lenders are preparing for an imminent rise in delinquencies and net charge-off rates as government stimulus payments come ...
Tag: delinquencies
US Bank sees Q4 uptick in delinquencies, NCOs
Despite an uptick in fourth-quarter delinquencies and net charge-offs in its auto portfolio, U.S. Bank has steadily decreased its credit ...
Auto finance industry’s Q3 is a bright spot
The auto industry, overall, saw a stronger performance in the third quarter than leaders expected at the onset of the ...
US Bank shrinks credit reserve, grows digital
U.S. Bank’s third quarter reflected a decline in credit loss provisions, an increase in auto outstandings, tightening of credit standards, ...
Weekly Wrap: Auto industry pulls back on consumer assistance
This week, the auto industry is eyeing potential increases in delinquency rates as long-term deferrals come to an end. Since ...
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 ...
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 ...
