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

Jeff Wyler Clarksville will repay more than 4,000 customers who paid a document fee the state attorney general said violated Indiana’s Motor Vehicle Dealer...

https://www.autodealertodaymagazine.com/322005/indiana-dealer-reaches-settlement-regarding-doc-fees

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

For the second time, the bureau rejected the association’s request for internal documents acknowledging the agency’s intent to regulate the auto finance...

https://www.autodealertodaymagazine.com/322010/cfpb-again-rejects-nadas-foia-request

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

Coombs, a 10-year member of JM Family’s executive management team, was named senior vice president and CFO, a role in which he will oversee the company’s...

https://www.autodealertodaymagazine.com/322016/jm-family-names-ron-coombs-cfo

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

Aside from rescinding the CFPB’s guidance on dealer participation, the legislation would add a few steps to the bureau’s guidance-writing activities.

https://www.autodealertodaymagazine.com/322020/house-to-vote-on-cfpb-altering-bill-this-week

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

The legislation was passed by a 332-96 vote yesterday, with the bill receiving approval from 88 House Democrats.

https://www.autodealertodaymagazine.com/322023/bill-aimed-at-repealing-cfpb-auto-finance-guidance-passes-house

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

In an employee email obtained by F&I and Showroom, CFPB Director Richard Cordray announced he will leave his post by the end of November.

https://www.autodealertodaymagazine.com/323555/cordray-tells-cfpb-staffers-he-is-stepping-down

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

The latest payout is related to the $4.1 million settlement the bank reached in September 2016 to resolve the DOJ’s allegations that the bank violated the...

https://www.autodealertodaymagazine.com/323559/wells-fargo-dealer-services-adds-5-4m-to-2016-military-repo-settlement

Categories: Compliance, Dealer Ops, Digital, F&I, Showroom, Training

Auto retail expert Max Zanan’s highly anticipated ‘Perfect Dealership: Surviving the Digital Disruption’ is now available for purchase.

https://www.autodealertodaymagazine.com/323561/zanans-perfect-dealership-hits-amazon

Categories: Compliance, Dealer Ops, F&I

American Financial & Automotive Services Inc. received two 2016 Dealers’ Choice Awards. The company received a Diamond award in Compliance Training and a...

https://www.autodealertodaymagazine.com/322426/american-financial-wins-two-dealers-choice-awards

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

The former CEO of Valor Federal Credit Union was charged with executing a scheme to defraud the credit union of approximately $718,000 to pay for his...

https://www.autodealertodaymagazine.com/322429/former-credit-union-ceo-charged-with-fraud