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The Consumer Financial Protection Bureau (CFPB) today announced a lawsuit against subprime auto lender Credit Acceptance Corp. (CAC) in conjunction with the office of New York Attorney General Letitia James that alleges the financier engaged in deceptive and unfair practices costing New York borrowers “millions of dollars.” The lawsuit orders CAC to pay a $5,000 […]
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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
