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Equifax’s national monthly report showed increases in originations for auto, bankcard, consumer finance and home equity revolving lines on a year-to-date basis.
Read More →Ally Financial Inc. (Ally) today reported its fourth consecutive quarter of profitability with net income of $79 million for the fourth quarter of 2010, compared to a net loss of $5 billion for the year-ago period.
Read More →General Motors Financial Company Inc., formerly known as AmeriCredit Corp., reported net income of $51 million for the quarter ended Sept. 30, 2010.
Read More →Capital One Auto Finance increased originations by more than 31 percent from the first quarter of 2010, according to the company’s second-quarter financial report. Total originations now account for more than $1.8 billion in loans for the full-spectrum lender.
Read More →The United States Senate demonstrated bipartisan support for auto dealers on Monday, voting 60-30 to approve a “motion to instruct” lawmakers to include the Brownback Amendment in future versions of the financial regulation bill.
Read More →Consumer payment behavior continues to improve, with TransUnion reporting that the national 60-day delinquency rate fell 18.52 percent in the first quarter of this year to 0.66 percent.
Read More →GMAC Financial Services reported a third quarter 2009 net loss of $767 million, an improvement from the net loss of $2.5 billion in the year-ago period.
Read More →Fueled by double-digit revenue growth in seven of its business segments, including auto financing, Wells Fargo & Co. reported its third straight quarter of record earnings last week despite mounting loan losses and decreases in its mortgage originations.
Read More →GMAC Financial Services today reported a first quarter 2009 net loss of $675 million, compared to a net loss of $589 million in the first quarter 2008.
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