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GM plans to seek banking charter for auto-lending business: WSJ

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General Motors Co is planning to apply for a banking charter that would allow its lending unit to hold deposits and expand its auto-finance business, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The automaker's finance arm, General Motors Financial Company Inc, has been talking to federal and state banking regulators for months about forming an industrial loan company and could file its applications as early as December, the report said.

The automaker's finance arm, General Motors Financial Company Inc, has been talking to federal and state banking regulators for months about forming an industrial loan company and could file its applications as early as December, the report said
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Found some more room at the trough, did they?

45 and his PSYCH PROJECTION ..orange dude has called folk UGLY, LOSERS, SUCKERS, STUPID ....and NOW it shows ..orange dude is ALL of that ..and MORE! 45 is the definition of a SOCIOPATH! Dude needs PRISON time for these COVID deaths! Cyrus Vance Jr & Leticia James . GET him!

nice

G.M. getting out of the auto making business are we!

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