The Industry's Leading Source For F&I, Sales And Technology

Top News


1  -  4  of  4

April 18, 2018 - Industry News

U.S. Senate Approves Resolution to Repeal CFPB’s Dealer Participation Guidance

Today’s vote leaves it up to the House of Representatives to pass its version of the joint resolution of disapproval. Once that happens, only the president’s signature stands in the way of the industry’s more than five-year campaign to get the CFPB’s controversial guidance repealed.

Tags: auto finance, CFPB, compliance, Congressional Review Act, dealer markups, dealer participation, Flat Fees

July 23, 2015 - Industry News

Asbury ‘Comfortable With’ CFPB Limits on Dealer Markup

Asbury 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 any actions by regulators.

Tags: Asbury Automotive, CFPB, Consumer Financial Protection Bureau, Flat Fees, Quarterly Earnings, rate markup

June 18, 2015 - Industry News

BB&T Switching to Flat Fee Compensation Model

BB&T Bank’s dealer finance arm announced today that it is switching to a flat fee compensation model that eliminates dealer markups on retail installment sales contracts, effective July 1.

Tags: Auto Lending, BB&T, CFPB, Consumer Financial Protection Bureau, dealer discretionary compensation, dealer markups, dealer reserve, discrimination, Flat Fees, flat program, flats

October 2, 2014 - Industry News

Chrysler Capital, Santander Lower Cap on Dealer Participation

The moves come just weeks after the CFPB proposed to oversee larger nonbank auto finance sources for the first time at the federal level.

Tags: CFPB, Chrysler, Consumer Financial Protection Bureau, Flat Fees, National Automobile Dealers Association, Santander Consumer USA

« Previous1Next »