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CPS originations dip 16%, collections improve

Consumer Portfolio Services‘ originations declined year over year, but the subprime lender’s portfolio grew as it secured additional capital and originations performance improved.   The Irvine, Calif.-based lender’s originations landed at $346.3 million in the first quarter, up 14.7% sequentially but down 16.6% year over year, according to the company’s May 14 earnings release.   […]