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The F&I Newsletter

 

Stories that appeared in our weekly F&I Report Newsletter

 
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CFPB to shed light on identifying protected classes

12:01 am U.S. ET | Sept. 17 | UPDATED: 9/17/14 6:29 pm ET - corrected

The Consumer Financial Protection Bureau is due to issue a white paper soon -- perhaps even this week -- that spells out in greater detail exactly how the bureau determines which consumers belong to legally protected classes of borrowers -- technical details that can ultimately have a big impact on...
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Exeter CEO sees steady growth of 15-20%
12:01 am U.S. ET | Sept. 17 | UPDATED: 9/17/14 5:23 pm: Correction

Exeter Finance, a subprime auto-financing specialist, should post “just steady growth” of 15 to 20 percent a year, CEO Mark Floyd says. ...
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F&I panel: 'We can police ourselves'
12:01 am U.S. ET | Sept. 17

F&I administrators and dealerships should put price ceilings on F&I products to protect themselves from overregulation, a group of executives from F&I providers suggested ...
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Late auto payments rise, but remain low, TransUnion says
12:01 am U.S. ET | Sept. 17

Auto loans delinquencies ticked up in the second quarter but remain low and pose no immediate threat to the auto-finance industry, an executive at credit bureau TransUnio ...
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JIM HENRY
The case for casting a wider net with credit apps
12:01 am U.S. ET | Sept. 17

Auto lenders complain they hate it when dealership F&I managers send them credit applications outside their preferred range of credit scores. ...
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Fla. M-B dealer e-validates contracts, gets paid fast
12:01 am U.S. ET | Sept. 17

Mercedes-Benz of Coral Gables rarely has to wait more than 24 hours to be paid by lenders that commit to finance the Florida store's loan and lease customers, said Scott ...
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Dealers prying payments from some lenders
12:01 am U.S. ET | Sept. 17

Dealers are still seeing big differences in how quickly lenders pay them on contracts in transit, despite awareness and technology campaigns aimed at speeding payments to ...
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Banco Santander acquires Canada's Carfinco for $269 million
11:49 am U.S. ET | Sept. 16

Banco Santander SA agreed to buy Canadian car-financing company Carfinco Financial Group for about $269 million. ...
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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 ...
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