Ally Financial posts positive recovery on NCOs, surging lease yields in Q2

Reserve releases and record used-vehicle values fueled a positive recovery rate on net charge-offs at Ally Financial and boosted lease yields as more consumers opted to return their off-lease vehicles. The lender’s second quarter was also marked by a record number of decisioned applications, driving up origination volume. Second-quarter originations clocked in at $12.9 billion, […]