Jim Henry

E-Mail: autonews@crain.com

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Recent articles
Captives likely to get CFPB oversight
4:35 pm U.S. ET | Sept. 16
The Consumer Financial Protection Bureau is expected to issue an important new rule on Thursday defining which nonbank lenders -- including captive finance companies -- w ...


NADA backs renewed effort to curb CFPB oversight
11:19 am U.S. ET | Sept. 12
Critics of the Consumer Financial Protection Bureau are taking another run at curbing the bureau's regulatory tactics of issuing industry “guidance” and enter ...


For GM Financial, closer GM ties could mean cheaper funds
11:00 am U.S. ET | Sept. 10
General Motors always intended to build GM Financial, formerly subprime lender AmeriCredit, into a full-service captive finance company. ...


Cheap deals drive leasing to new high
11:00 am U.S. ET | Sept. 10
Cheap lease deals helped drive the lease penetration rate to a new high in the second quarter of 2014, according to Experian Automotive. ...


For subprime lender, success is about dealer service
11:00 am U.S. ET | Sept. 10
Southern Auto Finance Co., a small, regional subprime lender in Fort Lauderdale, Fla. ...


Regulation forecast calls for rain, former CFPB exec says
11:00 am U.S. ET | Sept. 10
Rick Hackett, a former assistant director for the Consumer Financial Protection Bureau who was the bureau's liaison to the auto finance industry, predicted the bureau wou ...


F&I wait times have virtual repercussions
11:00 am U.S. ET | Sept. 10
Dealerships know that customer satisfaction suffers if car buyers spend time sitting outside the F&I office. ...


Is it wise to keep putting the car before the cash?
12:01 am U.S. ET | Sept. 8
Dealerships can and should take some of the risk out of making spot deliveries, experts say. ...


Credit unions take long-loan lead
12:01 am U.S. ET | Sept. 8
Credit unions are helping lead the charge into longer loan terms -- some longer than 84 months -- as customers seek to keep their monthly payments flat while taking out ...


Auto lenders curb loans to least-creditworthy customers
11:07 am U.S. ET | Sept. 3
Auto lenders hit the brakes on loans to customers with subprime and deep subprime credit in the second quarter of 2014, according to Experian Automotive. Loans to those c ...


New rules for asset-backed securities could impact subprime lenders
12:01 am U.S. ET | Sept. 3
The Securities and Exchange Commission last week laid out new rules for asset-backed securities, the financial practice in which lenders bundle loans and sell them off to ...


Who’s responsible for passing along bad credit info?
12:01 am U.S. ET | Sept. 3
Will dealerships catch fallout from the Consumer Financial Protection Bureau’s consent order last month with First Investors Financial Services Group? Experts disag ...


Sonic’s EchoPark stores will use self-branded products, financing
12:01 am U.S. ET | Sept. 3
Sonic Automotive is negotiating with auto lenders and F&I product administrators to provide private-label retail financing and F&I products for its new EchoPark stand-alo ...


Santander sued by investors over subprime lending practices
12:01 am U.S. ET | Sept. 3
A lawsuit seeking class-action status was filed against Santander Consumer USA last week on behalf of investors who claim the lender misled them about the company’s ...


Is CFPB guilty of spin?
12:01 am U.S. ET | Aug. 27
Remarks delivered by Consumer Financial Protection Bureau Director Richard Cordray and language used in a bureau statement last week were a lot harsher than the dry legal ...


Is rise in Q2 loan delinquencies a turning point?
12:01 am U.S. ET | Aug. 27
Industry-watchers insist that today's auto loan delinquency rates are low by historical standards. ...


F&I departments need a farm team
12:01 am U.S. ET | Aug. 27
The term “succession planning” is usually applied to dealer principals, but it can apply to F&I managers, too. ...


'No evidence' of subprime auto loan bubble, Equifax economist says
12:01 am U.S. ET | Aug. 27
Equifax has joined other financial data crunching firms that dispute there's an alarming subprime auto loan bubble that's about to burst. ...


CFPB takes new tack in auto lender crackdown
12:01 am U.S. ET | Aug. 25
The Consumer Financial Protection Bureau took a fresh approach to cracking down on auto lenders, citing one group for failing to furnish accurate customer data to credit ...


CFPB fines subprime lender First Investors Financial Services Group for sending credit bureaus inaccurate info
12:30 pm U.S. ET | Aug. 20 | UPDATED: 8/20/14 12:56 pm ET - adds First Investors comment
The Consumer Financial Protection Bureau fined subprime auto lender First Investors Financial Services Group nearly $3 million for knowingly providing inaccurate informat ...


Did dealers hurt themselves with the carve out?
12:01 am U.S. ET | Aug. 20
There’s no mistaking that federal regulators are serious about policing auto lenders. By extension, auto dealers feel they’ve got a big target on their backs, ...


Auto loans could get boost from revamped FICO scores
12:01 am U.S. ET | Aug. 20
A planned update in the way FICO scores are calculated should help some borrowers qualify more easily for auto loans by putting less weight on overdue medical debt when c ...


Asbury targets underperformers, training as F&I gains stall
12:01 am U.S. ET | Aug. 20
Asbury Automotive Group's improvement in average F&I revenues per vehicle retailed has stalled this year. ...


Subprime auto loan growth is 'less pronounced' in context, Fed analysts say
12:01 am U.S. ET | Aug. 20
While auto lending is rising in all credit categories, subprime auto loans are growing the fastest because that segment dropped the most during the downturn, according to ...


The New York Times editorial got it wrong
12:01 am U.S. ET | Aug. 18
An editorial in the Saturday, Aug. 9, issue of The New York Times made unreasonable demands on dealers and automotive lenders while grossly misrepresenting automotive len ...


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Defying Dad, by building on his legacy

Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, second-generation dealers Ray and Rik Fregia have seen a 30 percent boost in sales this year, thanks largely to million-dollar overhauls at their three stores. Mon., September 15
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