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Credit Acceptance Corp. continues to navigate multiple inquiries into its loan practices in the second quarter, which was marked by a decline in its consumer portfolio. The number of purchased contracts, or consumer loan unit volume, decreased 28.7% year over year to 69,809 contracts, while the number of dealers who sold at least one contract […]
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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
