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The co-founders of the now-defunct subprime auto lender Honor Finance have been accused by the Securities and Exchange Commission (SEC) of defrauding investors by artificially propping up loan performance in its only asset-backed securitization issuance. The SEC complaint, filed Thursday in the U.S. District Court for the Northern District of Illinois, accuses defendants James Robert […]
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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
