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Since the early- to mid-1990s, auto finance companies and car dealers have increasingly incorporated mandatory, pre-dispute arbitration clauses into the documents that consumers sign in connection with credit transactions. “Mandatory,” because the consumer and the creditor agree that all disputes will be arbitrated, or that at the request of either party, all disputes will be arbitrated. “Pre-dispute,” because the parties agree to arbitration before the dispute arises.
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
