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Fifth Third Bank faces $20 million in penalties after the Consumer Financial Protection Bureau today issued an order alleging that the financier engaged in illegal activities related to vehicle loans and fake accounts. Cincinnati-based Fifth Third added “excessive charges” to auto loan bills that led to “almost 1,000 families losing their cars to repossession,” CFPB […]
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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
