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Ally nearly doubles net income to $360 million in Q2

Ally Financial's second-quarter net income nearly doubled to $360 million, and net financing revenue grew 7.4 percent, as the lender increasingly focused on profitability over quantity of loans and leases.

Dealer, CFPB exec face off over loan pricing

A Texas dealer and the CFPB's head of fair-lending enforcement held a lively discussion of why and how dealerships charge for arranging auto financing at the annual National Association of Minority Automobile Dealers conference. Both agreed that greater consumer financial education is needed.

Dealerships weigh outside F&I audits

Dealerships looking to avoid regulatory trouble know they need to be diligent in monitoring compliance. Some stores are tapping outside F&I auditors

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