Bank of America reports charge-off decline, credit loss increases | Auto Finance News | Auto Finance News

Bank of America reports charge-off decline, credit loss increases

Photographer: Daniel Tepper/Bloomberg

Bank of America increased its allowance for credit losses in line with an emerging trend set by Chase Auto and Wells Fargo Auto yesterday that could be par for the course in the auto finance industry as second-quarter earnings roll out this month. The Charlotte, N.C.-based bank increased its ACL for direct, indirect and other […]

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