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CPS tightens credit in Q3 

Originations declined 14.6% QoQ 

Amanda Harris

Consumer Portfolio Services raised interest rates and tightened credit in the third quarter but continued to log year-over-year origination growth as demand held strong and the lender leaned on artificial intelligence and decisioning automation.  Originations clocked in at $468.2 million, an increase of 43.3% YoY but a 14.6% sequential decline, according to the earnings release. […]

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