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As automaker captive finance companies lost share, banks have taken on new roles, such as being exclusive or semi-exclusive lenders who are the sole source of automaker retail incentives.
Leasing as a whole took a dive in Canada for a few years following 2008, but the plunge only significantly affected the captive finance arms of U.S. brands, experts say.
Industry players hope the CFPB's new arbitration rule will never take effect, and they may be right. But it's also unlikely to disappear immediately.
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