Texas bank sues Ford Credit for $25M
Ford Motor Credit has been sued for $25 million by the International Bank of Commerce (IBC) for allegedly failing to ...
Tag: fraud
Nissan dealership fined $2.8M for loan defaults
A federal judge has allowed Nissan Motor Acceptance Corp. to repossess 90 vehicles valued at $2.8 million from a dealership ...
Bart Reagor fights back against Ford Credit
Bart Reagor, former co-owner of Reagor-Dykes Auto Group, is fighting back against Ford Credit Co. in the court of public ...
Fraud analytics, alt-data reduce risk for nonprime lenders
The ability to identify risk as early as possible in the loan origination process can improve portfolio performance, and lenders ...
NYPD cop charged in $1.5M auto loan scam
A cop with the New York Police Department has been charged with fraud and lying to the Federal Bureau of ...
Reagor-Dykes proposes $14M restructuring plan to Ford Credit, GM Financial
Reagor-Dykes Auto Group is looking to avoid a shutdown by proposing a $14 million restructuring plan that would “yield the ...
FBI uncovers 5-year dealer fraud scheme
The Federal Bureau of Investigation has uncovered a fraud scheme perpetrated by a Charleston, S.C.-based dealership, Hoover Mitsubishi, spanning nearly ...
Used-car dealers scam insurers in California
Auto insurance fraud is the latest scheme to hit the West Coast as a ring of used-car dealers allegedly ripped ...
