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BMO - Loan vs. Line of Credit: What�s the Difference?Get access to direct deposit forms, automatic bill payment forms, and loan management from BMO. Learn more. BMO plans to close its retail auto finance business in order to reroute resources, as borrowers dig deep amid interest rate hikes. Read on. BMO Financial Group says it will close its retail auto finance business to reroute resources following a rise in bad debt.
