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The Federal Trade Commission’s (FTC) updated rules for safeguarding customer information in the Gramm-Leach-Bliley Act (GLBA) are set to shake up auto lenders’ compliance divisions with more stringent minimum requirements and document-heavy reporting processes. The GLBA was first instituted in 1999 and is divided into two branches: privacy, or how consumer financial information is shared, […]
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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
