Truist to Sell $5.5 Billion of Loans as It Exits Near-Prime Auto Lending

Truist TFC-1.07%decrease; down pointing triangle Financial has inked a deal to sell $5.5 billion of auto loans as part of the regional bank’s decision to exit the near-prime auto lending business.

Truist TFC-1.07%decrease; down pointing triangle Financial has inked a deal to sell $5.5 billion of auto loans as part of the regional bank’s decision to exit the near-prime auto lending business.

This story was originally published by Wall Street Journal. Use the link below to read the full article at the source.

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