Captive Finance Companies

Restated FCA sales show some big swings

A review of the data points to a company that either didn't accurately know what it was selling month to month or was playing fast and loose with its fleet sales.


New CFPB rule prohibits lenders from forcing arbitration

The CFPB banned banks and other financial services companies from including mandatory arbitration clauses in contracts to prevent consumers pursuing claims of wrongdoing from joining class-action lawsuits. The rule could have a wide-ranging impact on automaker's captive finance units and other auto lenders.

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