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State and federal regulators — including the Consumer Financial Protection Bureau (CFPB) and the New York State Department of Financial Services (DFS) — are looking to lenders’ portfolios to indirectly monitor disparate impact at auto dealerships. Disparate impact in the automotive finance space refers to intentional or unintentional discrimination that requires business justification for why […]
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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
