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Moody’s says lenders are backing off subprime auto loans – NorthJersey.com

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Washington Post

Moody's says lenders are backing off subprime auto loans
NorthJersey.com
WASHINGTON — Lenders are pulling back on extending car loans to consumers with very poor credit histories, reversing a trend that had sparked fears of a new financial bubble, according to a report released Tuesday by Moody's Investors Service.
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