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Fed: Banks’ auto credit standards steady as demand weakens (Big Wheels) 

Huntington Bank eyeing risk, profitability against competition

Amanda Harris

Banks held auto loan credit standards steady in the first quarter as demand weakened marginally.  A “modest net share of banks” reported weaker demand for auto loans, according to the Federal Reserve’s April Senior Loan Officer Opinion Survey on Bank Lending Practices, published May 4.  A “modest net share of banks” also reported pulling back on auto loans to customers who do not meet credit criteria, according […]

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