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ArticlesCover Storyby Gregory ArroyoOctober 12, 2015

Vroom Service

Vroom is one of a handful of firms attempting to prove that cars and F&I products can be sold online, with one major difference: The company was founded by former AutoNation executives.

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Newsby Gregory ArroyoOctober 7, 2015

CFPB Considering Ban on Arbitration Clauses

The bureau is seeking to ban pre-dispute arbitration clauses that block class action lawsuits. The proposals under consideration would allow companies to use arbitration for individual disputes, but would require those companies to submit to the CFPB the arbitration claims filed and awards issued.

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NewsOctober 7, 2015

Cox Appoints Dealertrack’s Sundaram to New Post

Following its recent acquisition of Dealertrack, Cox Automotive has appointed Dealertrack’s former co-president, Raj Sundaram, as its chief client success officer.

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NewsOctober 7, 2015

Wells Fargo Dealer Services Opens Houston Business Center

Wells Fargo Dealer Services has opened its second regional business center in Houston — its fifth in Texas. The new center will serve approximately 100 dealerships in the region.

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NewsOctober 7, 2015

Reynolds Releases F&I Legal Library for Washington Dealers

Reynolds Document Services has released the Reynolds LAW Washington F&I Library, a comprehensive catalog of standardized, legally reviewed F&I documents available to new car and truck dealers in the state of Washington.

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NewsOctober 6, 2015

National Auto Care Execs Make ‘40 Under 40’ List

National Auto Care Corp. COO Christina Schrank and Regional Sales Manager Spencer Wanderon have both been honored as young leaders in the automotive and insurance industries by Agent Entrepreneur Magazine.

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Newsby Gregory ArroyoOctober 1, 2015

BMO Harris Bank’s Auto Business Exiting 12 States

The Chicago-based bank notified dealers in approximately 12 states that it’s refocusing its indirect auto business to its core market states, including Illinois, Wisconsin, Indiana, Minnesota, Kansas, Missouri, Arizona and Florida.

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NewsOctober 1, 2015

Cox Completes Acquisition of Dealertrack

Dealertrack unloaded its inventory management solution today, clearing the way for Cox Automotive to complete its acquisition of the software maker. The announcement comes a day after the Justice Department challenged the merger between the two software giants.

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NewsOctober 1, 2015

Westlake Expanding Dallas Servicing Team

This week, Westlake Financial Service began its recruitment process as part of its plans to expand the servicing team in its Dallas production center, which opened its doors this past January.

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NewsOctober 1, 2015

CFPB Takes Action Against Westlake and Its Title-Lending Subsidiary

The bureau ordered the subprime auto finance source and its subsidiary to pay a $4.25 million civil penalty for illegal debt-collection tactics and $44.1 million in consumer redress.

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