Volume declines spur Crescent Bank to furlough auto staff, tighten underwriting | Auto Finance News | Auto Finance News

Volume declines spur Crescent Bank to furlough auto staff, tighten underwriting

© Can Stock Photo / AndreyPopov

Subprime lender Crescent Bank & Trust has tightened its underwriting policies and furloughed a “significant” number of its staff as dealership closures across the nation have reduced the company’s origination volumes, Chief Lending Officer Donald Howie told Auto Finance News. “In some of the larger states we do business in, the volume has reduced to […]

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