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The Consumer Financial Protection Bureau (CFPB) has reinforced its stance that companies that use and share credit reports must obtain “permissible purpose” under the Fair Credit Reporting Act (FCRA), and credit report users must protect a consumer’s data privacy. In an advisory opinion published July 7, the CFPB stated that companies cannot check a consumer’s […]
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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
