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Banks tighten auto credit standards, Fed reports

Auto Finance News Summit East 2025

Aidan BushbyAidan Bush
May 15, 2025
in Risk Management
Reading Time: 2 mins read
0

More banks tightened credit standards in the first quarter while consumer demand for auto loans held, though forecasts indicate both credit and demand may decline in 2025. The net percentage of banks tightening their standards hit 1.9% in the Q2 reading of the Federal Reserve’s index, citing data from the April Senior Loan Officer Survey […]

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