Regulator warns of risks over fast-expanding auto-sector
New warnings have neen released regarding the fast-expanding auto-lending sector, with Comptroller of the Currency's, Thomas Curry, raising a red flag over the present activity and risks in auto loans.  He said it reminds him of what happened in mortgage-backed securities in the run-up to the crisis. This has raised the prospects of fresh regulatory pressure. "We will be looking at those institutions that have a significant auto-lending operations", he told reporters, which will lead to concerns for firms, such as Wells Fargo, Ally Financial and JP Morgan especially. 

WASHINGTON—A top U.S. banking regulator on Wednesday warned about risks in the fast-growing auto-lending sector, raising the prospect of regulatory pressure on an area that has been a bright spot for banks.

U.S. Comptroller of the Currency Thomas Curry said that while loan growth is good for banks and the economy, some of the growth in auto loans “reminds me of what happened in mortgage-backed securities in the run up to the crisis.”