Ford Invests $500M In Rivian EV

Rivian Announces $500 Million Investment from Ford; Partnership to Deliver All-New Ford Battery Electric Vehicle • Ford and Rivian form strategic partnership through $500 million minority investment • Ford to build all-new battery electric vehicle using Rivian’s flexible skateboard platform • The investment is subject to customary regulatory approval; Ford’s Joe Hinrichs to join Rivian’s…

CFPB Complaint Database Could Go Private

CFPB Complaint Database Could Go Private The Consumer Financial Protection Bureau (CFPB) is exploring whether it should take its controversial public-facing complaints database private. Speaking to Reuters in her first interview since becoming CFPB Director in December, Kathy Kraninger acknowledged the database is under review. Since its inception, the database has generated criticism from financial services…

RO Pulls Knife On Texas Agent

RO Pulls Knife On Texas Agent A 44-year-old man was arrested late Wednesday night after he threatened a repo man with a knife, an Odessa Police Department affidavit detailed. Michael Anthony Baker was charged with aggravated assault with a deadly weapon, a second-degree felony, and hindering a secured creditor of more than $2,500 and less…

CFPB Director Says Preventing Consumer Harm Is Top Priority

CFPB Director Says Preventing Consumer Harm Is Top Priority Consumer Financial Protection Bureau Director Kathy Kraninger said today she is focusing the agency on preventing consumer harm. “An ounce of prevention is worth a pound of cure,” Kraninger told an audience at the BiPartisan Policy Center, a Washington, DC think tank. With a greater emphasis…

Repo Snitch Shoots, Kills RO

Repo Snitch Shoots, Kills RO ABERDEEN – An Aberdeen woman, Lillian Cayson, 31, was charged with murder Tuesday night after confessing to killing 39-year-old Moses Daniels. Aberdeen Assistant Police Chief Quinell Shumpert said the case stemmed from a vehicle being repossessed. “Supposedly, she called the place that Moses had bought the car from. They hadn’t…

Rather Than Make Payment, RO Drives Into Canal

Rather Than Make Payment, RO Drives Into Canal GALLIANO – A man who allegedly crashed his truck into a canal to get out of making payments was caught by deputies after he went back for personal items he forgot in the vehicle. The Lafourche Parish Sheriff’s Office says deputies first found the pickup partially submerged…

New Wrinkle In Auto Repossessions – Car Sharing

New Wrinkle In Auto Repossessions – Car Sharing   Most of you remember several years ago when Uber began writing extremely subprime loans as a service to it’s drivers and almost as quickly started issuing repossession orders. Now that additional market for repossession agencies has a new twist in the form of Car Sharing. Two…