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Ally CEO prepares to boost subprime auto lending, cope with loss of GM
2015-02-20 21:33:43| Automakers - Topix.net
Jeffrey Brown says he's keeping his cool about losing business from General Motors Co.
Ally CEO prepares to boost subprime auto lending, cope with loss of GM
2015-02-20 20:22:51| Auto Dealers - Topix.net
Brown, the new Charlotte-based CEO at Ally Financial Inc. , told the news service that eventually losing the remaining exclusive leasing deals with GM is a "planning assumption we've got today." GM has recently begun bringing new-vehicle finance operations back in-house for most of its brands, under the GM Financial wing.
S&P pays $1.4bn in sub-prime case
2015-02-03 14:47:37| BBC News | Business | UK Edition
Credit rating agency Standard & Poor's (S&P) agrees to pay $1.38bn settlement to US regulators over allegations it knowingly inflated its ratings of risky mortgage investments.
Auto Loan Surge Fuels Fears Of Another Subprime Crisis
2015-01-24 01:12:20| Auto Dealers - Topix.net
The number of Americans buying autos approached a record high last year. It's one more sign of how much the economy is improving.
Subprime auto loans are up. Here's why that's not a crisis
2015-01-04 18:46:55| Auto Dealers - Topix.net
The number of new auto loans made to borrowers with poor credit rose in September to the highest level since 2007, according to Equifax. For one thing, the overall auto loan market is comparatively small -- $900 billion -- compared to $8 trillion of mortgage loans.
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