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GM Financial and Ford Credit are one step closer to forming industrial banks following approval this week from the FDIC and Utah Department of Financial Institutions. The captives’ applications to form Utah-chartered industrial banks received conditional approvals following the FDIC’s evaluation based on statutory requirements and the banks’ proposed business models, according to a Jan. 22 release. GM Financial, the […]
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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...
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David Thompson
David Thompson
David Thompson
