Gregory Arroyo
Editorial Director
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Three days after a bipartisan bill aimed at repealing the CFPB’s March 2013 dealer participation guidance was introduced, the House passed a second bill that would open the bureau’s committee meetings to Congress and the public.
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On the same day The Wall Street Journal published an op-ed piece critical of the CFPB’s targeting of the indirect auto finance channel, a bipartisan bill was introduced that aims to repeal the bureau’s guidance on dealer participation.
Read More →The editor says GM’s decision to reduce terms on its powertrain warranty and visits under its maintenance program is just another reason F&I is here to stay.
Read More →General Motors told its dealers on Wednesday that it is cutting service visits on its free maintenance program and is rolling back coverage terms on its Chevrolet and GMC powertrain warranty.
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Ally Financial and GM Financial are both entering new phases in their evolution, and the moves they’re making were on display at NADA 2015.
Read More →The bank’s dealer services division responds to the reported cap the finance source has placed on subprime auto originations.
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Auto finance sources reveal that they, too, are focused on the customer experience, and say they are ready for what’s expected to be another great year for auto sales.
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At NADA 2015, Zurich North America defied expectations by debuting an F&I process built around iPad technology.
Read More →The editor thinks he knows why improving the customer experience is a top priority for finance sources this year. And he believes dealers need to get on board, especially the F&I office.
Read More →The finance source revealed in a regulatory filing last month that it has received a subpoena from the New York District Attorney’s Office and the Department of Justice regarding its subprime auto finance business.
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