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The Consumer Financial Protection Bureau (CFPB) announced yesterday an interpretive rule asserting its authority to regulate financial institutions for conduct that infringes on the Military Lending Act (MLA). In 2013, the CFPB began its review regarding MLA violations, but in 2018, leadership at CFPB stopped the reviewing of lenders’ records for MLA violations based on the notion the U.S. Congress had […]
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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
