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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, 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, 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, F&I

The magazine goes one-on-one with Brent Griggs, president of Protective’s Asset Protection Division, to discuss a host of topics ― from the F&I product...

https://www.fi-magazine.com/309498/protective-talks-credit-fi-products-and-gaps-improved-stance
Categories: Auto Finance, Dealer Ops, F&I, Showroom, Training

Average wholesale values fell again on a month-over-month basis in June, but they remain up on a year-over-year basis thanks to the continued price strength...

https://www.fi-magazine.com/322475/kontos-strong-truck-values-drive-3-3-increase-in-wholesale-prices-in-june
Categories: Auto Finance, Compliance, Dealer Ops, F&I

The same week the CFPB celebrated its five-year anniversary, trade groups representing various motor vehicle industries urged U.S. Senators to support...

https://www.fi-magazine.com/322498/trade-groups-call-on-u-s-senators-to-support-cfpb-reform-bill
Categories: Auto Finance, Dealer Ops, F&I, Showroom, Training

Particularly hard hit in September were mid-size cars, while the luxury car segment experienced a nice bounce in its average wholesale price, according to...

https://www.fi-magazine.com/322671/kontos-wholesale-values-flat-in-september
Categories: Auto Finance, Dealer Ops, Digital, F&I

Ally CEO Jeffrey Brown acknowledged the finance source missed analysts’ expectations in the third quarter, but said the finance sources feels even more...

https://www.fi-magazine.com/322723/ally-remains-bullish-about-future-prospects
Categories: Auto Finance, Compliance, F&I

Terms are stretching, but the firm believes record lease penetration should maintain a healthy supply of future vehicle buyers with shorter purchase cycles.

https://www.fi-magazine.com/320793/j-d-power-leasing-long-term-loans-reach-new-highs-in-february
Categories: Auto Finance, Compliance, F&I

Between July 2011 and February 2014, the CFPB recorded approximately 14,100 complaints from servicemembers, veterans and their families, 600 of which were...

https://www.fi-magazine.com/320796/auto-registers-low-on-cfpbs-military-complaint-list


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