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The Consumer Financial Protection Bureau (CFPB) placed artificial intelligence (AI)- and machine learning (ML)-powered credit decisioning into its crosshairs last week, with documentation likely being key to satisfying the regulator’s inquiries. Under the Equal Credit Opportunity Act (ECOA), creditors are required to send adverse action notices to consumers who are denied credit, explaining why they […]
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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
