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AI-driven subprime auto lender Lendbuzz has secured a $100 million credit facility with the Mitsubishi UFJ Financial Group to grow origination volume. The funding from Mitsubishi UFJ Financial Group (MUFG) will allow Boston-based Lendbuzz to increase loan originations for underserved consumers, according to a June 4 release from the lender.. Tokyo-based MUFG has invested in […]
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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
