A “majority” of Truist Bank’s 330,000 consumer loan deferrals are current, including the bank’s subprime auto book, Chief Risk Officer Clarke Starnes III said during the company first-quarter earnings call yesterday. In total, consumer loan deferrals account for approximately 3% of the total managed portfolio, or $9 billion in balances. Truist has an auto portfolio […]
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Source : AutoFinanceNews
