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Categories: Auto Finance, Compliance, Dealer Ops, F&I

As expected, the House approved the resolution of disapproval of the CFPB's guidance on dealer participation. With the Senate having voted on the resolution...

https://www.autodealertodaymagazine.com/323920/house-approves-resolution-to-repeal-cfpbs-dealer-participation-guidance
Categories: Auto Finance, Dealer Ops, F&I

The Federal Reserve voted unanimously to maintain the target range for the federal funds rate at 1.5% and 1.75%, but it hinted at a possible rate hike in June.

https://www.autodealertodaymagazine.com/323913/federal-reserve-keeps-rates-steady
Categories: Compliance, Dealer Ops, F&I
Calif. Dealers Seek New Protections Under State's Franchise Laws

New legislation aimed at strengthening dealer protections under California’s franchise laws will have its first committee hearing on Monday. One of its...

https://www.autodealertodaymagazine.com/323877/calif-dealers-seek-new-protections-under-states-franchise-laws
Categories: Auto Finance, Compliance, Dealer Ops, F&I
U.S. Senate Approves Resolution to Repeal CFPB’s Dealer Participation Guidance

Today’s vote leaves it up to the House of Representatives to pass its version of the joint resolution of disapproval. Once that happens, only the...

https://www.autodealertodaymagazine.com/323874/u-s-senate-approves-resolution-to-repeal-cfpbs-dealer-participation-guidance
Categories: Auto Finance, Dealer Ops, F&I

The subprime finance source’s president since April 2007 will retire on June 30, CEO Brett Roberts announced in a recent regulatory filing.

https://www.autodealertodaymagazine.com/323856/credit-acceptances-steve-jones-to-retire
Categories: Auto Finance, Compliance, Dealer Ops, F&I

According to a report in The Wall Street Journal, the review of GAP refunds the bank initiated last year has expanded to other F&I products and services.

https://www.autodealertodaymagazine.com/323851/wells-fargo-reviewing-fi-products-as-regulatory-pressure-builds
Categories: Auto Finance, Dealer Ops, F&I
TransUnion: Auto Loan Growth Slowing

Originations continued to fall at a faster rate than previous years, as finance sources continued to tighten underwriting standards during 2017’s...

https://www.autodealertodaymagazine.com/323735/transunion-auto-loan-growth-slowing
Categories: Auto Finance, Compliance, Dealer Ops, F&I
Military Lending Act's December Update More Harmful Than First Thought

A Hudson Cook attorney told industry trade groups in a Jan. 18 memo that the Defense Department’s Dec. 14 interpretative rule, combined with something else...

https://www.autodealertodaymagazine.com/323734/military-lending-acts-december-update-more-harmful-than-first-thought
Categories: Auto Finance, Dealer Ops, F&I

Credit scores in the fourth quarter of 2017 were only a half a point higher than the median score recorded during the first quarter of 2009. And according...

https://www.autodealertodaymagazine.com/323725/new-york-fed-credit-scores-rise-as-household-debt-reaches-new-peak
Categories: Auto Finance, Compliance, Dealer Ops, F&I
BB&T Switches Back to Markups as CFPB Shifts Away From Enforcement

BB&T announced its move about a week after the CFPB’s acting director stripped enforcement powers from the division responsible for pursuing discrimination...

https://www.autodealertodaymagazine.com/323718/bbt-switches-back-to-markups-as-cfpb-shifts-away-from-enforcement


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