"Marcie -
You're right about forms "growing" as we lawyers have added provisions to protect against new types of lawsuits. But try this - take a typical retail installment sales contract and strip out of it all the text required…"
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Thomas B. Hudson
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Thomas B. Hudson replied to Marcie Belles's discussion CFPB Targets ‘Shorter and Clearer’ Forms in the group CFPB
Thomas B. Hudson commented on Marcie Belles's blog post Crescent Bank Smacked with Lawsuit"Although I haven't seen any studies that address the issue, it's logical to me that as collections actions and repossessions increase, consumers who are trying to avoid their creditors' efforts will more frequently turn to lawyers to…"
Thomas B. Hudson commented on Marcie Belles's blog post The Future of Leasing"Until fairly recently, leasing was mostly limited to the new car market. We have seen a lot of interest lately from buy-here, pay-here dealers who are contemplating lease-here, pay-here as an alternative. The residuals issue is, I think, less of a…"
Thomas B. Hudson's blog post was featuredWith apologies for being a pain in the rear, GM, Ford and Chrysler do not originate auto loans. GMAC, FMCC and Chrysler Financial don't either. GMAC, FMCC and Chrysler Financial buy retail…
With apologies for being a pain in the rear, GM, Ford and Chrysler do not originate auto loans. GMAC, FMCC and Chrysler Financial don't either. GMAC, FMCC and Chrysler Financial buy retail installment contracts from dealers. The dealers originate those contracts. The finance companies tell the dealers the rate parameters for contracts that they are willing to buy, the dealers write the contracts, then sell the contracts to the finance companies. This comment isn't germane to the original…See More
Thomas B. Hudson posted a blog postWith apologies for being a pain in the rear, GM, Ford and Chrysler do not originate auto loans. GMAC, FMCC and Chrysler Financial don't either. GMAC, FMCC and Chrysler Financial buy retail…
With apologies for being a pain in the rear, GM, Ford and Chrysler do not originate auto loans. GMAC, FMCC and Chrysler Financial don't either. GMAC, FMCC and Chrysler Financial buy retail installment contracts from dealers. The dealers originate those contracts. The finance companies tell the dealers the rate parameters for contracts that they are willing to buy, the dealers write the contracts, then sell the contracts to the finance companies. This comment isn't germane to the original…See More
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- Thomas B. Hudson
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- Senior Partner and Chairman
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- Hudson Cook, LLP
- City, ST
- Hanover, MD
Thomas B. Hudson's Blog
With apologies for being a pain in the rear, GM, Ford and Chrysler do not originate auto loans. GMAC, FMCC and Chrysler Financial don't either. GMAC, FMCC and Chrysler Financial buy retail…
Posted on April 9, 2009 at 12:15pm 0 Comments 0 Likes
With apologies for being a pain in the rear, GM, Ford and Chrysler do not originate auto loans. GMAC, FMCC and Chrysler Financial don't either. GMAC, FMCC and Chrysler Financial buy retail installment contracts from dealers. The dealers originate those contracts. The finance companies tell the dealers the rate parameters for contracts that they are willing to buy, the dealers write the contracts, then sell the contracts to the finance companies. This comment isn't germane to the original… Continue
Comment Wall (2 comments)
- At 11:51am on October 10, 2008,
Jack Tracey said… - This looks like it could be a good network.
- At 12:45pm on August 11, 2008,
JJ Hornblass said… - Hi, Tom. Hope all is well.
Was wondering what legal/compliance implications you are expecting from the slowdown in the leasing market. What's on your radar, Tom?
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