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Ford and GM are opening their own banks: What it means for your next car loan
Ford and GM have received FDIC approval to create their own banks in Utah, a move that will reshape auto financing for millions of car buyers.
GM Financial and Ford Credit are one step closer to forming industrial banks following approval this week from the FDIC ...
FDIC approves deposit insurance for Ford and GM banks, clearing the way for industrial banks focused on auto financing and ...
Both automakers must stand up their respective banks within 12 months. After that, they must maintain a minimum 15% tier 1 ...
The Federal Deposit Protection Agency (FDIC) has authorized Ford and GM to create industrial banks to offer savings accounts ...
Bloomberg reports that in a strategic shift for its funding operations, GM Financial Co. quietly orchestrated a $2 billion private sale of auto loans last quarter, bypassing its usual public channels ...
GM Financial delivered a solid, above-average performance in the recently released J.D. Power 2025 U.S. Automotive Financing Satisfaction Study, navigating an auto loan landscape defined by ...
FDIC approves Ford Credit Bank and GM Financial Bank deposit insurance for Utah industrial banks funding auto loans via ...
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