Finance & Insurance
Sage Automotive to pay $3.6 million to settle FTC chargesTue, 14, Mar 2017
Profit focus runs over customersMon, 06, Mar 2017
eBay survey says 63% of car shoppers likely to buy onlineThu, 16, Feb 2017
GM captive eyes more growthMon, 13, Feb 2017
Daimler invests in U.S. vehicle finance appTue, 14, Feb 2017
Daimler is investing double-digit millions of euros in AutoGravity, a financial technology company in Irvine, Calif., that makes a vehicle leasing and financing app for smartphones. The move is part of a broader push by the carmaker to build a digital platform for financial services.
Make compliance a priority, experts sayMon, 06, Feb 2017
The future of the Dodd-Frank Act and Consumer Financial Protection Bureau has been largely questioned since President Donald Trump took office, but no matter the status of the CFPB, dealers should prioritize compliance, experts said at the Automotive News Retail Forum.
Ally's Q4 net income falls 5.7%Tue, 31, Jan 2017
BMW Group Canada, Reynolds ink DMS agreementThu, 26, Jan 2017
New-, used-vehicle financing trends convergeThu, 26, Jan 2017
Finance trends in the new- and used-vehicle markets are merging, as shown by product announcements and data presented at the American Financial Services Association's vehicle finance conference this week in New Orleans.
Dealertrack aims to introduce 'seamless, easy' F&I platformMon, 23, Jan 2017
Dealertrack's next-generation F&I system is a simpler, more deal-centric approach to working with Dealertrack's tools, such as credit applications, bureau reports, compliance tools, desking solutions and F&I product menus. That should allow dealerships to do everything in one place instead of opening multiple programs.
CFPB head may have violated U.S. law with lending rules, U.S. House Republicans claimWed, 18, Jan 2017
In a blow against the Consumer Financial Protection Bureau just two days before President-elect Donald Trump takes office, U.S. House Republicans accused the CFPB of potentially violating federal law with its rule authorizing the agency to regulate certain auto lenders.
VW diesel settlement extends to auto lendingFri, 13, Jan 2017
Volkswagen's settlement in connection with its diesel emissions scandal has spilled over into the vehicle-financing business. VW has agreed to pay $50 million in civil penalties to settle alleged violations of the law, after the Justice Department essentially charged it with tapping U.S. markets to finance fraud.