Santander Consumer USA ups ACL, increases Chrysler Capital originations
Santander Consumer USA joins more than eight other lenders in upping its allowance for credit losses on a quarterly basis ...
Tag: delinquencies
Ally Financial net charge-offs expected to double by year end
Ally Financial forecasts its retail auto net charge-offs (NCO) to be between 1.8% and 2.1% of its portfolio by the ...
PNC pumps up allowance for credit losses amid reduced delinquencies
PNC Financial Services is ratcheting up its allowance for credit losses amid the industrywide trend of dwindling delinquency rates in ...
Q1 delinquencies drop despite frail economy
Delinquency rates in the first quarter fell despite the coronavirus pandemic ravaging the auto industry in late March, according to ...
How subprime lenders face the coronavirus economy
What a difference a few months make. Last year, subprime lenders outpaced banks, captives and credit unions at a rate ...
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 ...
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 ...
