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Banking regulators recently issued guidance to “remind” lenders that making loans to consumers who lack United States work authorization could be risky. Released jointly July 13 by the Office of the Comptroller of the Currency, Federal Deposit Insurance Corp. and National Credit Union Administration, the guidance warned that people unauthorized to work in the U.S. may pose an “elevated credit risk” to lenders because they may lose their […]
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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
