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Auto credit demand weakens in Q2, Fed reports

Banks plan to tighten credit standards in the second half of 2022 

Amanda Harris

Banks’ credit standards on auto loans held steady in the second quarter amid weakening demand for auto financing as they prepare for deteriorating credit performance in the second half of 2022. While demand ticked up for credit card loans, consumers’ desire for auto loans declined in Q2, according to the Federal Reserve’s July 2022 Senior […]

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