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F&I•by Staff•August 5, 2015

Bill Aimed at Texas Reinsurance Regulations to Become Law

A bill supported by GSFSGroup will become law on Sept. 1, effectively aligning Texas reinsurance law more closely with regulations in other states.

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F&I•by Staff•August 4, 2015

Ask Joe Contest Deadline Extended

F&I and Showroom magazine announced today that the deadline to enter the Ask Joe contest, which will send five readers to Industry Summit 2015, has been extended to Aug. 17.

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Compliance•by Staff•August 4, 2015

Firm Suing TrueCar Files Second Mass Action Lawsuit

The firm that filed a mass action lawsuit against TrueCar in March has filed a second suit against the car-shopping site, this time on behalf of current TrueCar subscribers.

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F&I•by Staff•August 4, 2015

Wells Fargo Dealer Services Opens Second Office in New Jersey

The new location represents Wells Fargo Dealers Services’ 56th Regional Business Center. It’s also the first of two new offices the company plans to open in 2015.

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Digital•by Staff•August 4, 2015

VinSolutions Desking Tool Integrates With Autosoft DMS

The VinConnect Desking tool now integrates with the Autosoft dealer management system, allowing the two systems to share information in real time.

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F&I•by Staff•August 4, 2015

GWC Enhances Top Dealer Programs

The F&I product provider is expanding the ways it rewards its top dealers. The firm announced enhancements to its GWC Elite Dealer Program and introduced a new rewards tier.

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Penske: Honda Rate Cap Provides ‘Workable Framework’

This week, Penske Automotive’s chairman said that Honda Financial Corp’s new markup cap will still allow dealers to be fairly compensated. He also noted that the dealer group has had markup caps in place for years.

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Auto Finance•by Gregory Arroyo•July 30, 2015

Ally Increases Used, Nonprime Originations With Loss of GM Lease Business

Ally’s second quarter originations were flat from a year ago despite the loss of General Motors’ lease business, with the company shifting its origination mix toward used and nonprime.

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Digital•by Staff•July 30, 2015

J.D. Power: Tech-Focused Car Buyers Consume Media at High Rates

Consumers who shop for and purchase a vehicle based on its in-vehicle technology consume media such as Internet, television and magazines at high rates, according to the summer edition of J.D. Power's 2015 U.S. Automotive Media and Marketing Report.

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Auto Finance•by Staff•July 30, 2015

House Committee Passes Bill to Repeal CFPB's Auto Lending Guidance

This week, a U.S. House committee passed H.R. 1737, a bipartisan bill that aims to repeal the Consumer Financial Protection Bureau’s 2013 guidance on dealer participation.

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