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NewsMarch 22, 2010

Priority One Names New Marketing Coordinator

Priority One Financial Services hired Laura Smith as its new marketing coordinator. She will be responsible for creating marketing pieces for Priority One’s dealerships and dealer leads, forming the company’s brand standards and building a new Website.

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NewsMarch 16, 2010

Watchdog Report Says GMAC Bailout Could Cost Taxpayers $6.3 Billion

The Congressional Oversight Panel criticized the Treasury Department last week for its decision to save the struggling GMAC Financial Services without requiring it to provide an exit strategy, proof of viability or plan to fully repay taxpayers.

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NewsMarch 16, 2010

Dodd Goes Solo; Unveils New Financial Reform Bill

The legislation that aims to create a new consumer protection watchdog was resurrected yesterday in the Senate, but the new financial bill received a cold reception, both from those for and against the creation of a new federal entity.

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NewsMarch 15, 2010

GMAC to Provide Financing for Saab Dealers and Customers

Following its successful launch as an independent company, Saab Automobile announced Monday that it has selected GMAC Financial Services as the preferred provider of wholesale and retail financial services for qualified Saab dealers and customers worldwide.

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NewsMarch 15, 2010

VINtek Launches Web-Based Tax, Tag and Title Calculator

VINtek, a provider of automotive collateral management and direct auto finance services for automotive finance lenders, launched www.taxandtags.com, an interactive, real-time tax, tag and title fee calculator for dealers and lenders.

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NewsMarch 9, 2010

Interest Rates Increase Slightly in January, Says Federal Reserve

Credit extended to consumers in January rose for the first time since July 2008, according to the Federal Reserve’s monthly report, providing further evidence that both lenders and consumers are feeling better than they did a year ago.

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NewsMarch 5, 2010

Seasonality Results in Higher Losses for Prime Auto ABS

Seasonal weakness drove U.S. prime auto loan ABS losses slightly higher in January versus prior months, according to Fitch Ratings.

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NewsMarch 5, 2010

Q&A: Dealer Services Execs Plot Course for New Wells Fargo

F&I sits down with the three executives who have taken the reigns of the combined dealer services groups of Wachovia and Wells Fargo. Hear what they have to say about the current market conditions and Wachovia officially taking on the stagecoach name.

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NewsMarch 3, 2010

Toyota February Sales Down 9 Percent, Offers Zero Percent Financing

Toyota Motor Corp.’s monthly sales were down 9 percent in February, and the automaker has launched a nationwide zero percent financing campaign in an effort to reverse the trend.

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NewsMarch 2, 2010

GMAC Completes Sale of Consumer Property and Casualty Insurance Business

GMAC Financial Services has completed the sale of its U.S. consumer property and casualty insurance business, GMAC Insurance Personal Lines, to American Capital Acquisition Corporation (ACAC). The sale includes GMAC's U.S automobile, commercial vehicle, motorcycle and recreational vehicle insurance offerings.

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