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Auto lender and servicer Prime Asset is suing PrimaLend Capital Partners, alleging the buy here, pay here lender forced it to buy more than $17.2 million in failing dealership portfolios. The complaint, filed Jan. 7, alleges PrimaLend and Chief Executive Mark Jensen enacted “widespread abuse” toward Prime Asset, forcing it to buy “distressed notes from […]
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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
