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The Consumer Financial Protection Bureau has proposed changing its definition of larger participants in the auto finance market, potentially removing some nonbank auto finance companies from its supervision. The CFPB filed a proposal with the Office of Management and Budget (OMB) on July 14 to revise a rule titled “Defining Larger Participants of the Automobile […]
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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...
Auto lenders are looking to strengthen relationships to bolster dealer profitability amid uncertainty, margin compression and shifting consumer behavior. Auto...
David Thompson
David Thompson
David Thompson
