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RAC Asset Holdings on Tuesday filed for Chapter 7 bankruptcy protection in Delaware following the closure of subprime auto lender American Car Center. Memphis, Tenn.-based RAC Asset, the parent company of American Car Center (ACC), was founded in 2016. RAC is the transfer and undivided trust interest beneficiary of the collateral backing three of American […]
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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
