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Regions bailing on indirect auto lending

Regions bailing on indirect auto lending 1

Regions Financial is exiting oblique automobile lending for the second time in touch over a decade.


Like other banks that have quit the commercial enterprise of making vehicle loans via vehicle dealers, executives stated lackluster returns and negative potential for developing broader relationships with the debtors.

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Essentially we weren’t making any cash there,” Scott Peters, head of customer banking, said at the Birmingham, Ala., corporation’s current investor day in New York. “This circulates out of indirect automobile to allow us to position that capital to paintings in other.