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Capital One makes cuts in auto division

The bank pulled back on auto originations in Q2

Joey Pizzolato

Capital One has initiated layoffs for a “small portion” of the 3,300 associates in its auto division, a company spokesperson confirmed with Auto Finance News. “We continually assess our business to ensure we are well-positioned to offer innovative and competitive products and services to all of our customers,” the spokesperson said. “Rising interest rates, used-vehicle […]

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