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Article: Indirect Lending Important for Growth, Say Banks and Credit Unions.
- Article from:
- Business Wire
- Article date:
- November 3, 2009
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MINNEAPOLIS -- Indirect lending will be critical to the overall growth of U.S. banks and credit unions during the next two years, according to a recent survey by Wolters Kluwer Financial Services.
With auto loans becoming more attractive to some lenders following the mortgage crisis, Wolters Kluwer Financial Services conducted research to get a broad view of banks' and credit unions' indirect lending activities in the future. The survey, conducted in September 2009, showed that more than half of 146 compliance officer and consumer lending officer respondents (53 percent) feel that indirect lending will be critical to the overall growth of their organization ...