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Is BMO In Trouble? Subprime Auto Loan Nightmare!BMO plans to close its retail auto finance business in order to reroute resources, as borrowers dig deep amid interest rate hikes. Read on. BMO Financial Group has announced plans to wind down its retail auto finance operations in Canada and the U.S. and redeploy resources elsewhere. BMO Financial Group will cease indirect auto financing through dealers, focusing on direct personal lending solutions while continuing to.
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