Wells Fargo & Co. originated less auto finance in the third quarter.
Automobile originations at the bank were $4.3 billion in third quarter, down 6 percent from prior quarter and down 47 percent from prior year. This reflects steps Walls Fargo took to tighten underwriting standards.
Auto finance loses rose in the third quarter from the prior three months. Losses on auto finance are historically lower for the bank in the second quarter.
The CFI Group’s Bank Satisfaction Barometer (BSB) is 79, dropping 3 points from 82 in 2016. The BSB is calculated based on feedback from 493 consumers who have a current financial relationship with a bank.
CFI Group conducts this annual survey of current bank customers to help banks assess customer trends and design customer-centric approaches to growth.
CFI recommends that as customers connect to a web of financial tools, banks should pursue innovation on account management tools that allow customers to easily oversee their network of financial connections.
RMS Automotive enhanced the dealer web portal for long-time partner and client PSA Groupe.
Earlier in 2017, RMS Automotive and PSA Groupe jointly launched a user satisfaction research study to its dealer audience. Based on the findings from this research, RMS Automotive and PSA Groupe implemented major changes to the dealer portal that would optimize the customer experience.
Credit Acceptance Corp. has been recognized by Great Place to Work and Fortune as one of the 100 Best Workplaces for Women.
Great Place to Work selected companies for this list by analyzing how women rated their organizations on over 50 different metrics defining great workplaces, including ethical leadership, respectful and fair workplace interactions, great benefits and development, and strong caring and personal support.
The 100 Best Workplaces for Women ranking is one of a series of rankings by Great Place to Work and Fortune based upon team member feedback received from the annual Great Place to Work survey.
Volkswagen Group of America Inc. is recalling 73,941 2004-2007 Touareg vehicles. These gasoline-powered vehicles have a fuel filter flange that may crack, allowing fuel to leak.Volkswagen will notify...