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The AFIP’s executive director says it’s time to say goodbye and good riddance to a relic of F&I’s past. He explains why ‘a little wiggle room’ hurts new-car...
https://www.fi-magazine.com/310740/r-i-p-payment-packingThe NADA has filed a second Freedom of Information Act request for internal CFPB documents that allegedly show the bureau intended to regulate the auto...
https://www.fi-magazine.com/321958/nada-files-second-request-for-internal-cfpb-documents
The CFPB and DOJ announced two actions against Fifth Third Bank on Monday, one of which requires the finance source to pay $18 million in restitution to...
https://www.fi-magazine.com/321932/fifth-third-bank-to-cap-dealer-markupsAs part of a new initiative to preserve the indirect financing channel, the National Automobile Dealers Association has created a new website and a video...
https://www.fi-magazine.com/353460/nada-expands-effort-to-protect-dealer-assisted-financingThe man who has led the NADA’s regulatory advocacy efforts since 2006 believes the tide may be turning in the CFPB’s attack on dealer participation.
https://www.fi-magazine.com/310703/solving-the-cfpb-problemThe Consumer Financial Protection Bureau has received more than 677,000 consumer complaints as of August 1, according to the bureau’s monthly consumer...
https://www.fi-magazine.com/321876/consumer-complaints-hit-677-000-cfpb-reports
The CFPB has notified the Department of Justice that Santander Consumer USA’s auto lending practices have allegedly violated fair lending laws, according to...
https://www.fi-magazine.com/321845/cfpb-says-santander-violated-fair-lending-laws
The Wall Street Journal reported this week that the CFPB is urging Fifth Third Bank to cap dealer markup as part of a potential settlement with the regulator.
https://www.fi-magazine.com/321837/cfpb-urges-fifth-third-bank-to-cap-dealer-markup
The New York attorney general’s crackdown on an F&I product provider and the dealerships that sold its credit repair services comes at a time when federal...
https://www.fi-magazine.com/310693/price-pointThis week, Penske Automotive’s chairman said that Honda Financial Corp’s new markup cap will still allow dealers to be fairly compensated. He also noted...
https://www.fi-magazine.com/321827/penske-honda-rate-cap-provides-workable-framework