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Wells Fargo has ended a 2022 consent order with the Consumer Financial Protection Bureau that targeted the bank’s practices related to auto loans, mortgage and deposit accounts. The bureau ordered the bank to pay $1.3 billion to more than 11 million borrowers in December 2022 related to auto loan servicing practices that the CFPB said […]
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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
