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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-buildsThe 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-retireThe 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-steadyAs 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-guidanceThe 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-guidanceThe 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-elead1oneThe group’s chief executive reiterated his support for Honda Financial’s new dealer markup caps. He said the policy should serve as a template for the rest...
https://www.fi-magazine.com/321812/autonations-jackson-urges-other-lenders-to-follow-honda-financials-leadThe bureau is seeking to ban pre-dispute arbitration clauses that block class action lawsuits. The proposals under consideration would allow companies to...
https://www.fi-magazine.com/321954/cfpb-considering-ban-on-arbitration-clausesThe three-year standoff between Toyota Motor Credit, the Justice Department and the CFPB is over, with the captive agreeing to pay up to $21.9 million in...
https://www.fi-magazine.com/322140/toyota-motor-credit-agrees-to-lower-markup-caps-to-settle-cfpb-allegationsGeneral Motors responded on Friday to legal concerns raised in a Feb. 8 letter from the California New Car Dealers Association. The automaker said it is not...
https://www.fi-magazine.com/322184/california-dealers-question-legality-of-gms-online-sales-portal