Access F&I
Your one-stop shop for finance & insurance news and education.
 

The F&I Newsletter

 

Stories that appeared in our weekly F&I Report Newsletter

 
Select the week you wish to review: 
 
 
LETTER TO THE EDITOR

A role for dealers in lease transfers

12:01 am U.S. ET | June 29 |

I read with great interest about James B. Treece's experience in assuming the short-term lease of a Chevy Volt ("Mixed reviews are in after assuming lease for Volt," June 8). I agree with him. Dealers should have a role in the lease-transfer process.

 

EDITORIAL

How dealers can protect themselves from bad actors

12:01 am U.S. ET | June 29 |

A blot on auto retailing is developing in Birmingham, Ala. Eight former employees of Serra Automotive Group pleaded guilty to charges including falsifying documents and t ...

 

image

Supreme Court ruling could favor all groups debating bias in auto lending

7:45 pm U.S. ET | June 25 |

The Supreme Court's decision to endorse a broad interpretation of a legal theory used to fight housing discrimination provides ammunition for groups at odds over the CFPB ...

 

image

Ford Credit car-sharing plan aims to cut ownership costs

12:15 pm U.S. ET | June 24 |

Ford is entering the car-sharing market with a program that will cut Ford Credit customers' vehicle costs by enabling them to rent out their cars. ...

 

image
HANNAH LUTZ

3 steps to regulatory compliance

12:15 pm U.S. ET | June 24 |

To stay out of trouble with regulators, clean up compliance. It sounds like an obvious solution, but what do dealers need to do to be sure compliance is up to par? ...

 

image

NYC dealership must provide documents for non-English speakers

12:15 pm U.S. ET | June 24 |

As part of a settlement with the New York attorney general's office, a New York City dealership group must begin providing translations of sales documents to customers wh ...

 

Lenders stretch subprime auto loans, stoking concerns over consumer debt load

12:15 pm U.S. ET | June 24 |

Demand for automobile debt in the U.S. is enabling lenders to make longer loans to people with spotty credit, stoking concern that car shoppers are being lulled into debt ...

 

image

CarMax originates $15 million in subprime loans in latest quarter

11:45 am U.S. ET | June 24 |

CarMax's finance arm originated about $15 million of subprime loans in its most recent quarter ended May 31. ...

 

BB&T launches flat fees

11:45 am U.S. ET | June 24 |

Auto retailers working with BB&T Dealer Finance soon can expect to be paid flat fees, rather than dealer reserve, for arranging customers' loans. BB&T will launch a nondi ...