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Categories: Auto Finance, Dealer Ops, Digital, F&I, Showroom, Training

The deal was first reported on Sunday by The Banks Report, which described the pending acquisition as checking off 'several boxes for CDK while filling a...

https://www.fi-magazine.com/324057/cdk-global-to-acquire-elead1one
Categories: Auto Finance, Compliance, Dealer Ops, F&I

The president’s signature comes exactly five years and two months after the bureau put the auto finance industry on notice with its controversial guidance...

https://www.fi-magazine.com/323939/trump-signs-repeal-of-cfpbs-dealer-participation-guidance
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.fi-magazine.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.fi-magazine.com/323913/federal-reserve-keeps-rates-steady
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.fi-magazine.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.fi-magazine.com/323851/wells-fargo-reviewing-fi-products-as-regulatory-pressure-builds
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.fi-magazine.com/323725/new-york-fed-credit-scores-rise-as-household-debt-reaches-new-peak
Categories: Auto Finance, Compliance, Dealer Ops, F&I

Based on an interpretive rule issued by the Defense Department on Dec. 14, including credit-protection products like GAP in a servicemember’s vehicle...

https://www.fi-magazine.com/323619/updated-core-fi-product-could-put-some-auto-finance-deals-under-military-lending
Categories: Auto Finance, Compliance, Dealer Ops, F&I

The Fair Credit Reporting Act’s ‘business records turnover provision’ requires that business provide free of charge and without subpoena records relating to...

https://www.fi-magazine.com/323614/ftc-reminds-businesses-of-duties-to-victims-of-identity-theft
Categories: Auto Finance, Compliance, Dealer Ops, F&I

The Government Accountability Office said on Tuesday that the bureau’s March 2013 bulletin on dealer participation falls under the Congressional Review Act,...

https://www.fi-magazine.com/323597/goa-says-congress-can-review-cfpbs-guidance-on-dealer-participation


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