Bank of America defers 'tens of thousands' of auto loans | Auto Finance News | Auto Finance News

Bank of America defers ‘tens of thousands’ of auto loans

Photographer: Daniel Tepper/Bloomberg

Bank of America’s auto division has deferred “tens of thousands” of auto loans since first implementing its consumer relief measures March 20, a company spokesperson confirmed with Auto Finance News, but could not provide a more concrete figure. Customers can choose to defer their payments for 30-, 60- or 90-day periods to help avoid delinquencies. […]

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