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The F&I Newsletter

 

Stories that appeared in our weekly F&I Report Newsletter

 
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JIM HENRY
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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, too.
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CFPB fines subprime lender First Investors 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 ...
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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 ...
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Canadians stretch out auto loans as debt warnings go ignored
5:34 am U.S. ET | Aug. 20

The average term of a light-vehicle loan in Canada is 69 months, close to a peak of 72 months set in the third quarter of 2013, according to J.D. Power. Longer-term car l ...
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JAMIE LaREAU
Skipping wheel-and-tire was big mistake
12:01 am U.S. ET | Aug. 20

Wheel-and-tire insurance is a valuable product. There, I admit it. It's not the “snake oil” that a cynical friend once espoused it and other F&I products to b ...
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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. Like other publicly traded auto retailers, Asbury plans to conce ...
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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 ...
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