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Articlesby Gregory ArroyoJuly 1, 2010

F&I is Here to Stay

The editor wonders if the days of the traditional salesperson are numbered and offers a couple of reasons to attend this year’s F&I Conference.

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NewsJune 29, 2010

2010 F&I Conference Agenda Now Available

The 7th annual F&I Conference and Expo is proud to announce a first-class conference program for its event taking place September 14–15, 2010, at the Paris Las Vegas hotel and casino.

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NewsJune 29, 2010

Santander Agrees to Acquire Auto Loan Assets from Citigroup

Santander Consumer USA, an affiliate of Banco Santander, has reached an agreement with Citi to purchase $3.2 billion of CitiFinancial Auto's auto loan portfolio. In addition, Santander and Citi have entered into an agreement under which Santander will service a portfolio of approximately $7.2 billion of auto loans that will be retained by Citi.

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NewsJune 29, 2010

Auto Dealers Excluded From Wall Street Bill

House and Senate conference committee negotiators voted last Friday to exclude auto dealers from sweeping legislation to overhaul the nation’s financial system.

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NewsJune 29, 2010

Pennsylvania AG Files Lawsuits Against Two Used-Car Dealerships

The Attorney General's Bureau of Consumer Protection has filed lawsuits against the owners of used-car dealerships in Philadelphia and Bucks County, along with their related companies. They are accused of deceptive advertising, selling vehicles that were not roadworthy, failing to provide vehicle titles and other violations of Pennsylvania's auto sales regulations and consumer protection laws.

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NewsJune 29, 2010

Ariz. Payday Lenders Switch to Title Loans as Licensing Expires

A 10-year licensing agreement that allowed payday lenders operating in Arizona to originate loans above a 36 percent usury cap will be allowed to expire tomorrow, causing many payday lenders in that state to switch to offering automotive title loans — or close their doors.

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NewsJune 29, 2010

ZimpleMoney Launches ZimpleAuto Loan Solution

ZimpleMoney launches ZimpleAuto, a solution that allows dealers to make and manage loans directly to low- and middle-income consumers, bypassing traditional lenders, banks, and credit unions.

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NewsJune 28, 2010

NADA University Adds Seminars to West Coast, Releases Webinar Schedule

NADA University, the education and training resource for dealers, has expanded its on-site seminars to the West Coast and announced its schedule of training Webinars for the second half of 2010.

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NewsJune 28, 2010

Buyers Getting Smarter, But Still Unprepared, Says New Study

Consumer are more cautious about spending and are conducting more research before making major purchases in the wake of the economic downturn, but a new study reveals that they still have a lot to learn.

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ArticlesJune 28, 2010

No Time to Celebrate

Despite the industry’s victory in May regarding finance reform, F&I’s legal experts say that business as usual is still under fire.

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