Follow us for important deadlines, updates & more. Typically, all active-duty service members earn 30 days of leave per year and, while some of that time is allowed to roll over year-to-year, any unused leave over 60 days is normally lost every year. Official Twitter of the Florida State University Office of Admissions. The message stressed that it is intended as a heads-up to give sailors time to use the leave they have earned and that "unit commanders should continue to minimize the loss of leave within the constraints of operational requirements." One change the message previews is being able to hold on to special leave for two years instead of three, and that the first flag officer in a sailor's chain of command will need to approve special leave being given out in most cases going forward. If admitted, students still have until May 1 to compare offers and respond. The message noted that the revision in how many days sailors may bank is "the most impactful of the upcoming changes," but the Navy is planning on making other alterations to the special leave policy in the future. Students who identify SMU as one of their top choice colleges by November 1 should consider applying Early Action. How Big Is the Real Early Decision (ED) Boost Ivy League and NCAA Division III Colleges: Early Decision is a binding agreement: You agree to apply to only one college early and if accepted you must enroll. Regular Decision (nonbinding), Early Decision II (binding) and scholarship consideration. "We feel pretty balanced about how we're teed up to navigate the rest of this year and certainly '24," Bradley Brown said.Niles added that the changes "were mandated by law and are in line with DoD policy updates." Early Action (nonbinding), Early Decision (binding) and scholarship consideration. The increase reflects continued deterioration in credit quality, as consumers' finances return to more normal levels of strain.Ĭustomers with late payments of 30 or more days rose to 3.6% of retail loans outstanding, up from 3.24% last quarter.īradley Brown, Ally's corporate treasurer, said the company's tighter underwriting and improvements in its communications with at-risk borrowers should "mitigate losses." He also pointed to the higher pricing Ally has implemented, emphasizing that "we can't lose sight of the fact that risk-adjusted returns are, again, higher than ever." Net charge-offs in Ally's retail auto division rose to $277 million in the second quarter, up from $108 million a year earlier and a bit higher than Ally's prior guidance. "So we recognize credit may be a little bumpier than expected, but the that we're putting on are pretty much at lifetime highs for the company."īelow are five takeaways from the company's earnings call.Ĭredit has gotten bumpier for Ally over the past year, as borrowers are having more trouble paying back their loans following exceedingly healthy metrics during the pandemic. "For people that are in and committed like Chase, like Cap One, like ourselves, it's still a very attractive market opportunity at very aggressive returns right now," Brown said. Sign in using the same email address you use for or your organization email. Executives said that it did so while being pickier in the loans it selected and charging higher interest rates to compensate for greater risks. The company made some $10.4 billion in auto loans during the second quarter, up from $9.5 billion in the first quarter. Some credit unions and banks have retreated from the sector, but Ally CEO Jeffrey Brown said that void leaves opportunities for Ally and other lenders that have maintained a large presence in auto lending, including JPMorgan Chase and Capital One Financial.Īuto lending remains a "really attractive market for us," Brown said on the company's second-quarter earnings call. auto market as quite healthy overall, even as some lenders pull back and more consumers fall behind on their car payments.Įxecutives at the Detroit-based auto lender said Wednesday that they are well aware of the tougher environment, which has led Ally to offer fewer loans to riskier customers and more to super-prime borrowers whose likelihood to repay is much higher.
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