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Fifth Third Bank is under investigation by the Department of Justice to determine whether the bank engaged in discriminatory practices in connection with its indirect automobile loan portfolio, according to a 10-Q filed this month. The bank said that any claim resulting from the investigation could include direct and indirect damages and civil money penalties.
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
