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BBVA Compass plans to open new loan-production offices this year in cities beyond its existing Sun Belt state footprint. These offices ― not to be confused with the bank’s retail branches ― manage relationships with local automobile dealers.
The bank has received approval to open loan-production offices in Los Angeles; San Francisco; Seattle; Nashville, Tenn.; and Charlotte and Raleigh, N.C. Last year, BBVA Compass opened similar offices in New York; Washington, D.C.; and Tampa, Fla.
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
