Truist plans 40% cut to boat, RV and dealer auto loans

Truist expects new loans for boats, RVs and dealer-arranged car loans to drop 40% from last year, American Banker reported July 17, 2026. That's production — new loans made — not loans already on the books. In my view, it's a deliberate pullback from dealer-originated lending, which could mean fewer choices and stricter terms for dealership borrowers.