Finance managers may start hearing from banks they haven't heard from in a while. That's because some banks that got out of auto loans two years ago are looking to get back in, says Mark Pregmon, chairman of the auto finance committee for the Consumer Bankers Association. Auto finance is rebounding and looking more promising than some other sectors, including real estate loans, he says.
Pregmon's full-time job is executive vice president of consumer banking operations at SunTrust Banks Inc. in Atlanta. He spoke with Special Correspondent Jim Henry last week following a CBA conference in Hollywood, Fla.