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American Honda Finance Corp. is being hit with a $12.8 million fine by the Consumer Financial Protection Bureau, which claims the lender engaged in inaccurate credit reporting during the pandemic. The captive allegedly furnished inaccurate information to credit reporting agencies, affecting the credit reports of 300,000 people “who drive Honda and Acura vehicles,” in violation […]
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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
