Tuesday, May 7, 2019

At 2 subprime auto lenders, loan losses pile up

At 2 subprime auto lenders, loan losses pile up http://bit.ly/2H9FKr9

Prestige Financial and Exeter Finance face challenges after a push for rapid growth a few years ago, when smaller lenders temporarily loosened credit standards to compete against big banks for loan volume, S&P Global Ratings said in a new report.

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