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The Department of Justice is investigating Irving, Texas-based subprime auto lender and buy here, pay here retailer Tricolor for allegations of fraud and the potential of double-pledged collateral, according to published reports. The allegations beg the question: How does double-pledging work? Auto lenders use warehouse funding from financiers, typically banks, to fund operations and auto […]
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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
