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Home » CPS originations plummet following credit tightening

CPS originations plummet following credit tightening

Originations fell 42% YoY

Riley WolfbauerbyRiley Wolfbauer
August 4, 2023
in Earnings
Reading Time: 4 mins read
0
Cars lined up in a parking lot

© Can Stock Photo / avalonstock

Consumer Portfolio Services tallied decreased originations in the second quarter following credit-tightening actions the lender has taken since the third quarter of last year.    CPS’ originations landed at $318.4 million in Q2, a decrease of 23.3% on a linked quarter basis and 41.9% year over year, according to the company’s earnings release.   “That […]

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