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U.S. Bank affirms commitment to auto as originations tick down

Originations fell 2% YoY

Riley Wolfbauer

U.S. Bank continued to scale back auto lending during the fourth quarter due to market competition and lower return levels.  Indirect auto loan and lease originations at the Minneapolis-based bank declined 1.7% sequentially and 1.9% year over year to $1.1 billion in Q4, according to the bank’s earnings supplement. Originations fell YoY during all four […]

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