TD Bank to pull back on auto lending
TD Auto Finance will pull back on commercial auto lending and other less profitable portfolios after being hit last week ...
Tag: Department of Justice
TD to pay $3.1 billion in money laundering case, face asset cap
Toronto-Dominion Bank will pay almost $3.1 billion in fines and other penalties and face a cap on its US retail ...
DOJ anti-trust push creates fresh concerns for banks, large fintechs
The Department of Justice (DOJ) is ramping up its anti-trust efforts, creating new challenges for large fintechs entering traditional bank ...
SCUSA settles predatory lending suit dating back a decade
Santander Consumer USA has settled a lawsuit leveled by 33 states and the District of Columbia alleging that the subprime ...
Why floorplan lenders should know how dealers receive payments
Floorplan lenders should pay close attention to how their dealership partners receive payments from customers, according to fraud analyst Josh ...
Attorney for indicted dealer questions fraud claims
The attorney for Andrew Gabler, an Erie, Pa.-based auto dealer who was indicted on 17 counts of auto fraud in ...
Fraudster sentenced to 8 years in prison for $1m auto scheme
Two months after pleading guilty to bank fraud and aggravated identity theft, John O’Day was sentenced by the U.S. District Court ...
Kentucky dealer leads $4m warranty fraud scheme
One Kentucky dealership owner and two co-conspirators have been charged with ten counts of fraud and identity theft used to ...
