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NewsApril 24, 2014

Bank Eliminates Dealer Markup, Cites CFPB Guidance

Chicago-based BMO Harris Bank issued a notice to its dealer customers this week, stating that it has eliminated dealer markups on indirect auto loans. The policy went into effect Thursday.

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NewsApril 22, 2014

DealerMatch, NAMAD Partner on Inventory Trading Network

Along with visibility into the entire DealerMatch marketplace, NAMAD members can access a private trading network that allows them to buy and sell inventory directly with fellow members.

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NewsApril 22, 2014

EFG's Entire Field Services Team Now AFIP Certified

The company’s entire field services team is now 100% AFIP certified. AFIP certification curriculum focuses solely on the federal and state laws that govern in-dealership financial services.

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NewsApril 22, 2014

US Equity Advantage Adds Regional Account Manager

F&I veteran Karena Raino-Nevratakis has joined the company as regional account manager for the Western United States.

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NewsApril 22, 2014

Braskamp Joins Industry Summit 2014

The bank's director of national sales and originations will open Industry Summit 2014 with a keynote address on Monday, Sept. 8, at Paris Las Vegas.

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NewsApril 17, 2014

AFIP Adopts Professional Designations

The association has adopted professional designations to recognize individuals who have earned AFIP certification.

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NewsApril 17, 2014

Ford, Chevy and Toyota Lead Edmunds’ Inaugural Popular Vehicle Awards

Edmunds.com presented its inaugural 2014 Most Popular on Edmunds.com Awards at this week’s New York International Auto Show, with Ford, Chevrolet and Toyota taking home top honors.

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NewsApril 14, 2014

Former CFPB Official to Deliver Keynote Address at Industry Summit 2014

The CFPB’s former point man will be at Industry Summit 2014 this September to deliver a keynote address. He will take attendees inside the media-shy agency and offer insights on how the bureau intends to regulate the automotive retail industry.

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NewsApril 10, 2014

J.D. Power: Prepaid Maintenance Fueling Brand Loyalty, Repurchase Rates

The percentage of vehicle owners with complimentary or prepaid vehicle maintenance packages has more than doubled during the past five years, according to a study by J.D. Power. The growth of such offerings is helping to drive up loyalty and repurchase rates for OEMs and dealers.

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NewsApril 10, 2014

ADP Plans to Spin Off Dealer Services Business

The company expects to complete the separation of the two companies in the early part of the fourth quarter. Leading the Dealer Service business unit will be ADP executives Steve Anenen and Al Nietzel.

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