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Newsby Brittany-Marie SwansonDecember 16, 2014

Credit Acceptance Subpoenaed by DOJ

Credit Acceptance has received a civil investigative subpoena from the U.S. Department of Justice, which requested that the finance company produce certain documents related to subprime auto lending.

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NewsDecember 16, 2014

‘Great Deleveraging’ Has Ended, Equifax Reports

Consumers are back in the borrowing business, with November consumer credit data from Equifax showing that nonmortgage credit balances rose to their highest level in five years.

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NewsDecember 10, 2014

Bob & Chuck Eddy Expand MOTOR TREND Certification Program

The dealer group has added two more stores to the MOTOR TREND certified program. They’re located on Grove City, Pa.

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NewsDecember 9, 2014

November Sales Pace at 17.20 Million-Unit Annual Rate

November total light vehicle sales increased 4.6% from a year ago to more than 1.3 million units. The industry SAAR was also up significantly from a year ago and the month prior, rising to 17.20 million units.

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NewsDecember 4, 2014

November a Turnaround Month for Independents, CNW Reports

After taking it on the chin for most of the year, independent dealerships realized a slight increase in used-vehicle sales in November. They also experienced an increase in transaction prices.

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NewsDecember 4, 2014

CNW: November’s TDR Hits 16.8 Million Despite Consumer Confidence Slip

Consumers may have their doubts about the economy, but they’re feeling pretty good about their personal economic situations. It’s one of the reasons CNW’s True Delivery Rate reached 16.8 million units in November.

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NewsDecember 2, 2014

A1 Software Announces Mobile Focused CRM

A1 Software Group launched a new CRM called Selly, a mobile-focused system designed for small- to medium-sized dealerships.

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NewsDecember 2, 2014

Flick Fusion Acquires Video Marketing Company

Flick Fusion has acquired Dealer Fusion, a video marketing provider. The company will integrate features and applications from Dealer Fusion’s video platform and make them available to customers of both services.

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Newsby Gregory ArroyoNovember 20, 2014

CFPB Needs a New 'Tool,’ Study Finds

F&I and Showroom delves into a new study commissioned by the American Financial Services Association. It concludes that the CFPB’s use of the BISG proxy method is “conceptually flawed” and could lead to overstatement of alleged harm to consumers.

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NewsNovember 19, 2014

CFPB Methodology Flawed, New Study Concludes

A new study released by the American Financial Services Association finds bias and high error rates in the CFPB's proxy methodology for determining disparate impact.

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