auto loans

Groupon Exec Simon Goodall Named CEO of Caribou Financial
Groupon Exec Simon Goodall Named CEO of Caribou Financial
September 25, 2023  |  Personnel

Caribou Financial has a new CEO, one focused on expanding the lender’s auto loan refinancing presence. “It’s a pretty simple business and it’s just a...

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LendingClub Picks Santander as Auto Refinancing Partner
LendingClub Picks Santander as Auto Refinancing Partner
September 12, 2023  |  News

LendingClub has tapped Santander Consumer as the primary loan servicer for its auto refinance portfolio.  The partnership, announced Tuesday (Sept. 12), involves LendingClub Bank’s direct auto refinance program...

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FinTech Upgrade Expands Services to Include Consumer Auto Loans
FinTech Upgrade Expands Services to Include Consumer Auto Loans
August 30, 2023  |  Personal Loans

Upgrade is expanding its services to include consumer auto loans. To kickstart its auto lending business, the San Francisco-based FinTech company will initially make its offering...

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CFPB Probe Finds Abuse in Auto and Payday Loans
CFPB Probe Finds Abuse in Auto and Payday Loans
July 26, 2023  |  CFPB

America’s consumer watchdog says it’s uncovered deception and abuse in several consumer financial products. The Consumer Financial Protection Bureau (CFPB) released a report Wednesday (July...

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Deposits, Consumers and Digital Channels in Focus as Bank Earnings Get Underway
Deposits, Consumers and Digital Channels in Focus as Bank Earnings Get Underway
July 12, 2023  |  Earnings

It’s the middle of July, almost. And thus: Earnings season begins in earnest. As usual, a slew of big banks will kick things off, beginning...

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Citizens Financial Says No to Car Loans From Dealers
Citizens Financial Says No to Car Loans From Dealers
June 07, 2023  |  Loans

Citizens Financial Group will stop originating indirect car loans effective July 1. The financial institution will retain and continue to service the existing auto loans on...

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Banks’ Auto Loan Delinquency Data Hints at Rocky Road Ahead
Banks’ Auto Loan Delinquency Data Hints at Rocky Road Ahead
May 03, 2023  |  Consumer Finance

For U.S. consumers, the juggling act of which bills to pay — and when — is real. To that end, the loan data from bank...

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Earnings Season Lifts Hood on Auto Loan Delinquencies, Paycheck-to-Paycheck Pressures 
Earnings Season Lifts Hood on Auto Loan Delinquencies, Paycheck-to-Paycheck Pressures 
January 30, 2023  |  Loans

Earnings season and PYMNTS’ own data signals the difficulty of  keeping wheels on the road — literally. As economies reopen, many firms are returning to...

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Capital One Card Spending Up 9% as Credit Loss Provisions Triple
Capital One Card Spending Up 9% as Credit Loss Provisions Triple
January 24, 2023  |  Credit Cards

Capital One Financial’s latest results show consumers continue to spend, but a modestly worse economic outlook has boosted allowance for credit losses. CEO Richard Fairbank...

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