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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-point
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-markups
Sun Toyota’s John Marazzi was already an internet sales evangelist before launching a fully online process in September 2016. In its first month alone, the...
https://www.fi-magazine.com/310954/fi-to-go
Just two weeks after American Banker reported that the CFPB was planning to cite three captive auto finance companies for policies that allegedly caused...
https://www.fi-magazine.com/321790/cfpb-doj-reach-24m-settlement-with-honda-financeSonic executives said the company is delaying plans to launch a captive finance company in light of the CFPB’s recent settlement with Honda Finance. But the...
https://www.fi-magazine.com/321802/sonic-cautious-about-cfpb-but-revs-up-hybrid-fi-pushCFPB Director Richard Cordray was met with hostility on Tuesday during the bureau’s semi-annual report to Congress. The hearing took place a day before a...
https://www.fi-magazine.com/321941/cfpb-accused-of-using-junk-science-to-regulate-auto-lendingAsbury Automotive executives were confident that the dealer group’s internal caps on dealer markup and its fixed F&I product prices will keep it safe from...
https://www.fi-magazine.com/321814/asbury-comfortable-with-cfpb-limits-on-dealer-markup
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
Roadster’s Andrew Moss and Rudi Thun say they’ve created a digital transactional platform that works both in a buyer’s home and in the showroom. But as they...
https://www.fi-magazine.com/310985/new-age-sales