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F&Iby StaffJune 16, 2015

IAS Names New Regional Sales Manager

Sean Dawson, who formerly worked with dealers in roles at PermaPlate and TD Auto Finance, has been selected as a regional sales manager for IAS.

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Digitalby StaffJune 16, 2015

Sigma Payment Solutions Partners With KISS Concepts Group

KISS Concepts Group’s business development managers will act as the outside sales force for Sigma Payment Solutions’ entire suite of products and services, which includes its pay-by-text and pay-by-phone solutions, automated payment kiosks and online customer payment portal.

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F&Iby Gregory ArroyoJune 11, 2015

CFPB to Oversee Nonbank Auto Finance Companies

The CFPB finalized last week its proposal to oversee nonbank auto finance companies. The finalized rule, which left out recommendations submitted by an auto finance trade group, will take effect 60 days after publication in the Federal Register.

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Complianceby StaffJune 11, 2015

Arkansas Dealer to Pay $90,000 Penalty for Not Displaying Buyers Guide

An Arkansas auto dealer and its owners have agreed to pay a $90,000 civil penalty to settle Federal Trade Commission charges that they failed to display a “Buyers Guide” on used vehicles offered for sale.

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F&Iby Gregory ArroyoJune 10, 2015

CFPB Finalizes Proposal to Oversee Nonbank Auto Finance Companies

The CFPB finalized today its proposal to oversee nonbank auto finance companies. The finalized rule will take effect 60 days after publication in the Federal Register.

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Complianceby StaffJune 10, 2015

Serra Nissan Manager Charged With Defrauding Manufacturer

Federal prosecutors have accused the general manager of Serra Nissan of directing dealership employees to falsify sales reports to receive incentive payments from the manufacturer. Earlier in the week, the dealership’s controller was arrested for fraud.

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F&Iby StaffJune 9, 2015

Simoniz Joins F&I Admin’s SCS Auto Platform

Simoniz USA is now using F&I Admin’s SCS Auto platform for the administration of its F&I products.

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Auto Financeby StaffJune 9, 2015

AAGI Names Chief Financial Officer

American Auto Guardian has announced the promotion of Hari Subramania to the position of chief financial officer.

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Auto Financeby StaffJune 9, 2015

Southeast Toyota Finance Adopts RouteOne Platform

Southeast Toyota Finance, a provider of automotive financing to 176 Toyota dealers in the Southeastern United States, is now available on RouteOne's automotive finance platform.

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F&Iby Brittany-Marie SwansonJune 9, 2015

N.Y. AG Goes After Dealer for Payment Packing

After three months with no response, Attorney General Eric T. Schneiderman has filed a motion to force a New York dealer group to comply with a subpoena issued by the AG’s office in March. The dealer group is accused of “jamming” credit repair contracts into vehicle sales and leases.

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