AutoLoans

Ally Financial Maintains NIM Guidance Despite Auto Loan Tariff Fears

1 month ago

In a recent announcement, Ally Financial Inc. reaffirmed its net interest margin (NIM) guidance, showing resilience amid rising concerns regarding potential tariffs on auto loans. The financial institution has taken a firm stance on maintaining its financial forecasts, even as external economic pressures loom large over the auto lending sector.

Significant Ruling on Car Financing Set to Reshape UK Motor Industry and Banking Sector

6 months ago

A groundbreaking ruling by the UK Supreme Court concerning car finance agreements is poised to have far-reaching implications for both the automotive industry and financial institutions in the UK. This decision, which addresses important regulatory measures related to the provision of consumer credit in car financing, could alter the landscape of how cars are financed and sold across the nation.

Rising Financial Strain: Ally Financial's Auto Borrowers from 2022 Face Increasing Challenges

7 months ago

Ally Financial Inc., a major player in the automotive finance sector, is reporting significant financial stress among its auto borrowers who took out loans in 2022. The company's Chief Financial Officer (CFO), Jessica G. Zeller, highlighted these concerns during a recent earnings call, indicating a troubling trend that could have implications for both borrowers and the broader market.