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F&Iby StaffMay 15, 2017

Lease Approvals Fall by 20% in April

Analysts with Swapalease.com report lease approvals fell from more than 75% in March to 60% last month.

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Showroomby StaffMay 13, 2017

Search Optics Launches Virtual BDC

The company says a pilot program for the new solution reduced response times and improved appointment-setting rates by up to 15%.

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F&Iby StaffMay 11, 2017

Ally Adding Digital Signature, Contract Management Capabilities to Clearlane

Launched in April, Clearlane will soon be getting an upgrade. Through eOriginal, the auto finance marketplace will soon allow car buyers to sign and submit their financing documents online or via mobile devices.

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F&Iby StaffMay 11, 2017

GM Financial Completes Transition to Captive in Q1

Executives with the former AmeriCredit Corp. described GM Financial’s transition to General Motors’ captive finance source as ‘substantially complete’ during its recent first-quarter earnings call.

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F&Iby StaffMay 10, 2017

Imprise Financial Announces New Account Executive

The captive insurance provider has added Derek Thomas to its team. He is responsible for serving the firm’s clients with an emphasis on enterprise risk programs.

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F&Iby StaffMay 10, 2017

TransUnion: Auto Delinquencies Tick Up as Originations Slow

The impact of wider access to credit on repayment rates could be causing auto finance sources to reevaluate their guidelines for subprime and nearprime borrowers.

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F&Iby StaffMay 10, 2017

Longtime Wells Fargo Dealer Services Exec Joins CRB Auto

Bill Katafias, a longtime retail credit executive for Wells Fargo Dealer Services, has joined CRB Auto as its new CEO. He succeeds Scott Raymer, who previously announced his resignation from his CEO post to pursue other opportunities.

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Showroomby StaffMay 10, 2017

dealerIQ Adds Trade Appraisal Platform

tradeIQ was designed to increase website engagement and reduce the need for lengthy appraisal forms.

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Complianceby StaffMay 10, 2017

FTC Adds Cyberattack Resources for Small Businesses

New website was designed to help auto dealers and other small business owners avoid and minimize the impact of cyberattacks and scams.

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Auto Financeby StaffMay 10, 2017

PayLink Direct, Omnisure Group Announce Merger

The merger creates what officials describe as the largest vehicle service contract payment plan provider in the United States. The new entity will operate under the PayLink Direct brand. Rebecca Howard, cofounder of PayLink Direct, will serve as CEO.

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