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The F&I Newsletter for 08.19.14

 

Stories that appeared in our weekly F&I Report Newsletter

 
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U.S. Treasury to cut Ally stake

10:56 am U.S. ET | Aug. 14

The Treasury Department said it will cut its stake in Ally Financial by selling stock on the open market in its first divestiture since an initial public offering in April.
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Toyota: Favorable auto finance climate to continue driving U.S. retail volume
12:01 am U.S. ET | Aug. 13

An auto finance environment favorable to many U.S. consumers will continue to provide a tailwind for higher retail auto sales in 2014, a top Toyota executive said Tuesday ...
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JIM HENRY
N.Y. Times' demands are misguided
12:01 am U.S. ET | Aug. 13

Subprime auto loans have gotten most of the attention, but an editorial in The New York Times on Saturday makes other demands dealers and lenders are sure to dislike. ...
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NADA, AFSA dispute New York Times editorial on subprime auto loans
12:01 am U.S. ET | Aug. 13

Auto dealer and lender groups are howling in protest at an editorial in Saturday's New York Times that equated subprime auto loans with subprime mortgages. The groups ins ...
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Q&A
Flat fees for F&I products? It's possible
12:01 am U.S. ET | Aug. 13

It's a matter of "when" rather than "if" U.S. regulators will force auto lenders to switch to flat fees from dealer reserve, says John Pappanastos, CEO of EFG Companies, ...
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N.C. Toyota store prevails in spot delivery dispute
12:01 am U.S. ET | Aug. 13

A federal judge has dismissed a civil lawsuit accusing a Greenville, N.C., dealership of truth in lending violations by a spot delivery customer who was denied financing ...
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