Capital One releases $39 million in auto ACL as delinquencies, NCOs rise

Capital One Auto Finance has posted quarterly earnings metrics in line with the growing trend of decreased origination volume, and increased delinquencies and net charge-offs. The auto financier, which posted sequential increases in origination volume in the first three quarters of 2020, saw a 2% year-over-year decrease and 18% sequential decrease in the fourth quarter […]