Santander Shells Out $3M in Connecticut Case for Alleged Improper Repo Charges
© Can Stock Photo / corund The Connecticut Department of Banking settled a case with Santander Consumer USA this week ...
Month: February 2018
Wells Fargo CDF Named Preferred Floorplan Financier for Mahindra
Wells Fargo Commercial Distribution Finance has been named the preferred floorplan financing source for Mahindra Vehicle Service & Sales, the ...
BMW Financial Settles $2M Case Over Disputed Lease Refunds to Servicemembers
Photo by Markus Spiske freeforcommercialuse.net from Pexels BMW Financial Services reached a settlement with the U.S. Department of Justice for $2 ...
How ABS Credit Enhancements Are Masking Subprime Risk [PODCAST]
Joseph Cioffi, Partner at Davis & Gilbert Multiple subprime auto securitizers are coming to the market with lower average Fico ...
Lingering CFPB Consent Order Restricts 3 Lenders to Lower Dealer Markups
Via Flickr As the industry returns to the standard 200- to 250-basis-point cap on dealer markup, three lenders are bound ...
How ABS Credit Enhancements Are Masking Subprime Risk [PODCAST]
Multiple subprime auto securitizers are coming to the market with lower average Fico scores, longer terms, and higher loan-to-value ratios ...
RumbleOn Secures $25M in Floorplan Financing From Ally
Online used-motorcycle retailer RumbleOn has secured a floorplan line of credit for up to $25 million from Ally Bank, the ...
Ford Makes Key Changes to Senior Management, Including Ford Credit
Via Ford Ford Motor Co. is making key changes to its senior management team in order to strengthen its automotive ...
