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Ally Financial Inc. recently received a subpoena from the DOJ requesting information in connection with its investigation related to subprime automotive finance and related securitization activities.
Other financial institutions have disclosed receiving similar requests earlier this year.
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Insurance Auto Auctions Inc. announced that Ohio House Bill 468 has become law, and will become effective on the 91st day after the act is filed with the Secretary of State.
IAA and other industry leaders worked toward this result, one aspect of which is the repeal of the requirement for a buyer identification card, a state-issued bidding license for the purchase of salvage vehicles at salvage auctions in the state of Ohio.