Citizens Financial Group to cease originating indirect auto loans

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CITIZENS FINANCIAL GROUP will cease originating indirect auto loans on July 1, 2023. PHOTO: CITIZENS BANK
PROVIDENCE – Citizens Financial Group Inc., will no longer originate indirect auto loans as part of its strategy to optimize its balance sheet and emphasize relationship-based lending, the company said in a statement. An indirect auto loan is when a lender provides financing to the vehicle seller instead of directly to the buyer. The seller…

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