New Orleans-based Crescent Bank has agreed to sell its auto financing division to Arra Finance. The deal, expected to close in the third quarter of 2025, will add Crescent’s $815 million auto loan ...
TD Bank’s auto loans are serviced by TD Auto Finance, which provides financing through the institution’s dealership partners. This allows the company to provide indirect loans in the U.S. even though ...
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Investopedia: Credit Union vs. Bank for Auto Loan: What’s the Best Choice?
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Chase Auto’s originations fell in the first quarter while credit performance in the bank’s auto portfolio improved.
For the second time in the past decade, Fifth Third Bank is facing a multi-million-dollar penalty from the Consumer Financial Protection Bureau (CFPB) involving its activities with auto financing. The ...
New Orleans City Business: M&A Report: Crescent Bank exits auto lending in major deal
NASHVILLE, Tenn. — Leaders at major national auto lenders described consumers facing economic pressures and expected auto finance portfolios to do worse in 2024 than in 2023. At an Auto Finance Summit ...