Texas bank sues Ford Credit for $25M | Auto Finance News | Auto Finance News

Texas bank sues Ford Credit for $25M

Photographer: Daniel Acker/Bloomberg

Ford Motor Credit has been sued for $25 million by the International Bank of Commerce (IBC) for allegedly failing to notify the bank and other investors that funding was terminated for Reagor-Dykes Auto Group (RDAG) dealerships.  Laredo, Texas-based IBC had loaned and refinanced more than $30 million to Reagor-Dykes from August 2017 to February 2018, the […]

Get Auto Finance News Premium for as low as $8 per week!

Start your free one week trial today for access to the latest industry news and trends.

Subscribe

Latest Magazine Issue
Sign Up Email List
Big Wheels Auto Finance Data Link