Truist Financial Corporation is selling its near-prime auto loan portfolio for $5.5 billion. This strategic shift involves exiting the auto loan business. As a result, its subsidiary Regional Acceptance Corporation is closing an Arlington office. Over 200 full-time employees will be laid off from this location. The affected workers will begin losing their jobs in late November.
Arlington, Texas
https://www.dallasnews.com/business/jobs/article/truist-auto-loan-exit-triggers-205-arlington-22434850.php