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AI-powered lending platform Upstart is applying to form a national bank insured by the FDIC to reduce costs and offer lower rates to borrowers. Upstart announced on March 10 that it is applying to the Office of the Comptroller of the Currency and the FDIC to form an insured national bank, with the application subject to regulatory approval. Upstart is also seeking approval from the Federal Reserve to […]
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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
