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Chase Auto releases $75M in reserves amid another record quarter of originations

Origination volume jumped 61% YoY to $12.4 billion

Joey Pizzolato

Chase Auto’s second quarter was marked by a $75 million reserve release spurred by positive recoveries in net charge-offs as the bank continues to grow its origination volume. Origination volume grew to $12.4 billion, an increase of 61% year over year and 10.7% sequentially, another record for the auto lender, Chief Financial Officer Jeremy Barnum, […]

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