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The Wall Street Journal reported this week that the CFPB is urging Fifth Third Bank to cap dealer markup as part of a potential settlement with the regulator.
https://www.fi-magazine.com/321837/cfpb-urges-fifth-third-bank-to-cap-dealer-markup
The New York attorney general’s crackdown on an F&I product provider and the dealerships that sold its credit repair services comes at a time when federal...
https://www.fi-magazine.com/310693/price-pointThis week, Penske Automotive’s chairman said that Honda Financial Corp’s new markup cap will still allow dealers to be fairly compensated. He also noted...
https://www.fi-magazine.com/321827/penske-honda-rate-cap-provides-workable-frameworkAsbury Automotive executives were confident that the dealer group’s internal caps on dealer markup and its fixed F&I product prices will keep it safe from...
https://www.fi-magazine.com/321814/asbury-comfortable-with-cfpb-limits-on-dealer-markupSonic executives said the company is delaying plans to launch a captive finance company in light of the CFPB’s recent settlement with Honda Finance. But the...
https://www.fi-magazine.com/321802/sonic-cautious-about-cfpb-but-revs-up-hybrid-fi-pushSonic executives said the company is delaying plans to launch a captive finance company in light of the CFPB’s recent settlement with Honda Finance. But the...
https://www.autodealertodaymagazine.com/321802/sonic-cautious-about-cfpb-but-revs-up-hybrid-fi-push
At the CFPB’s semi-annual report to Congress Wednesday, the bureau’s director praised Honda Finance for setting limitations on dealers’ ability to mark up...
https://www.fi-magazine.com/321798/cfpbs-cordray-commends-hondas-new-markup-policy
Just two weeks after American Banker reported that the CFPB was planning to cite three captive auto finance companies for policies that allegedly caused...
https://www.fi-magazine.com/321790/cfpb-doj-reach-24m-settlement-with-honda-finance
Just two weeks after American Banker reported that the CFPB was planning to cite three captive auto finance companies for policies that allegedly caused...
https://www.autodealertodaymagazine.com/321790/cfpb-doj-reach-24m-settlement-with-honda-finance