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The New York State Department of Financial Services has reached a $400,000 settlement with Santander Consumer USA over violations of state financial services laws, Acting Superintendent Kaitlin Asrow said in a June 3 release. The settlement resolves a department investigation into the auto lender’s practices, which resulted in allegations that the financier “imposed undisclosed extension fees on automobile loans,” according to […]
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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
