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Categories: Auto Finance, Compliance, Dealer Ops, F&I
Pa. Dealer Agrees to Pay $2.1 Million to End Prosecution Into Bank Fraud

According to the U.S. Attorney’s Office, Hallman Chevrolet falsified loan documents as well as costume jewelry brought in by customers as collateral for...

https://www.autodealertodaymagazine.com/351032/pa-dealer-agrees-to-pay-2-1-million-to-end-prosecution-into-bank-fraud
Categories: Auto Finance, Compliance, Dealer Ops, F&I
AG Coalition: CFPB Has 'No Authority to Overrule' High Court’s ECOA Interpretation

A coalition of 14 attorneys general warned CFPB Acting Director Mick Mulvaney against taking any action to reinterpret ECOA as not providing for disparate...

https://www.fi-magazine.com/351037/ag-coalition-cfpb-has-no-authority-to-overrule-high-courts-ecoa-interpretation
Categories: Auto Finance, Compliance, Dealer Ops, F&I
AG Coalition: CFPB Has 'No Authority to Overrule' High Court’s ECOA Interpretation

A coalition of 14 attorneys general warned CFPB Acting Director Mick Mulvaney against taking any action to reinterpret ECOA as not providing for disparate...

https://www.autodealertodaymagazine.com/351037/ag-coalition-cfpb-has-no-authority-to-overrule-high-courts-ecoa-interpretation
Categories: Auto Finance, Dealer Ops, F&I
Experian: Finance Amounts, Monthly Payments Reach New Highs in Q2

Affordability remains a concern despite finance sources continuing to tighten underwriting standards, according to the firm. Consumers, however, seem...

https://www.fi-magazine.com/351042/experian-finance-amounts-monthly-payments-reach-new-highs-in-q2
Categories: Auto Finance, Dealer Ops, F&I
Experian: Finance Amounts, Monthly Payments Reach New Highs in Q2

Affordability remains a concern despite finance sources continuing to tighten underwriting standards, according to the firm. Consumers, however, seem...

https://www.autodealertodaymagazine.com/351042/experian-finance-amounts-monthly-payments-reach-new-highs-in-q2
Categories: Auto Finance, Dealer Ops, Showroom, Training
CNCDA: Calif. New-Vehicle Registrations Fall for the Fifth Straight Quarter

Despite the decline, the trade group expects the California market will end the year with around 2 million new-vehicle registrations. That would be a slight...

https://www.fi-magazine.com/351048/cncda-calif-new-vehicle-registrations-fall-for-the-fifth-straight-quarter
Categories: Auto Finance, Dealer Ops, Showroom, Training
CNCDA: Calif. New-Vehicle Registrations Fall for the Fifth Straight Quarter

Despite the decline, the trade group expects the California market will end the year with around 2 million new-vehicle registrations. That would be a slight...

https://www.autodealertodaymagazine.com/351048/cncda-calif-new-vehicle-registrations-fall-for-the-fifth-straight-quarter
Categories: Auto Finance, Compliance, Dealer Ops, F&I
Senate Committee Narrowly Confirms Trump's Pick to Head BCFP

The U.S. Senate Banking Committee narrowly approved the nomination of Kathy Kraninger to head the Bureau of Consumer Financial Protection. The vote sends...

https://www.fi-magazine.com/351059/senate-committee-narrowly-confirms-trumps-pick-to-head-bcfp
Categories: Auto Finance, Compliance, Dealer Ops, F&I
Senate Committee Narrowly Confirms Trump's Pick to Head BCFP

The U.S. Senate Banking Committee narrowly approved the nomination of Kathy Kraninger to head the Bureau of Consumer Financial Protection. The vote sends...

https://www.autodealertodaymagazine.com/351059/senate-committee-narrowly-confirms-trumps-pick-to-head-bcfp
Categories: Auto Finance, Compliance, Dealer Ops, F&I
FTC Charges Arizona Group With Falsifying Incomes on Consumer Credit Apps

According to the regulator, this was the FTC’s first action alleging income falsification by dealerships. Charged are the owners of Tate’s Auto Group, which...

https://www.fi-magazine.com/351106/ftc-charges-arizona-group-with-falsifying-incomes-on-consumer-credit-apps


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