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The Federal Reserve on Wednesday raised interest rates for the third time this year and signaled it will raise the cost of borrowing again in December....
https://www.autodealertodaymagazine.com/350987/fed-reserve-approves-third-rate-hike-of-2018
The tech firm confirmed this week reports that COO Mark O’Neil plans to retire this February. He’ll depart almost four years after Cox’s acquisition of...
https://www.autodealertodaymagazine.com/350997/cox-automotives-oneil-to-retire-in-february
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
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
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
In an Aug. 13 ruling, the California New Motor Vehicle Board sided with Folsom Chevrolet in a case that calls into question the way General Motors and other...
https://www.autodealertodaymagazine.com/351052/calif-board-gm-violated-state-law-in-attempting-to-cancel-dealers-franchiseThe 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
Mike Groff was employee No. 7 when he joined a fledgling Toyota Motor Credit Corp in 1983. The captive’s president and CEO will retire on Aug. 31. Replacing...
https://www.autodealertodaymagazine.com/351098/tfs-president-and-ceo-mike-groff-to-retire-successor-named
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.autodealertodaymagazine.com/351106/ftc-charges-arizona-group-with-falsifying-incomes-on-consumer-credit-apps
Alex Mallman, who most recently served as president and CEO of Mercedes-Benz Auto Finance China, replaces AutoGravity’s co-founder and CEO Andy Hinrichs,...
https://www.autodealertodaymagazine.com/324064/autogravity-names-new-ceo-cto