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The fallout from last year’s collapse of subprime auto lender Tricolor Holdings has spurred a boom for businesses that verify whether collateral exists and try to make sure it’s not double pledged. Consulting firm Guidehouse said it has seen an 80% increase in demand for those services since then. Loan-servicing firm Vervent said inquiries about […]
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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
