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APR 48 Mos.
The FRB and FTC have released rules related to risk-based pricing practices by creditors that take effect 1/1/11; a notice is required when the creditor offers credit to the consumer on less favorable terms than it provides to other consumers. The FTC provides a sample (B-4) form for this purpose.
I am curious what dealers and lenders are doing to comply with this new rule?
Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
