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F&Iby StaffApril 16, 2015

Compliance Summit to Feature Rules and Regulations Panel

Organizers of Compliance Summit have announced the inclusion of a panel discussion devoted to rules and regulations moderated by Mosaic Compliance Services' Jim Ganther.

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Auto Financeby Brittany-Marie SwansonApril 16, 2015

Wells Pulls Back, Chase Sees Thinner Margins

The country’s largest auto lender, Wells Fargo, tempered its auto lending activities in 2015’s first quarter, with new originations down 10% from the previous year. Also reporting was J.P. Morgan Chase, which increased originations by 9%.

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Complianceby Gregory ArroyoApril 16, 2015

Second Bill Aimed at Reining in the CFPB Passes House by 401-2 Vote

Three days after a bipartisan bill aimed at repealing the CFPB’s March 2013 dealer participation guidance was introduced, the House passed a second bill that would open the bureau’s committee meetings to Congress and the public.

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Complianceby Gregory ArroyoApril 14, 2015

CFPB Faces Mounting Criticism, New Bipartisan Bill

On the same day The Wall Street Journal published an op-ed piece critical of the CFPB’s targeting of the indirect auto finance channel, a bipartisan bill was introduced that aims to repeal the bureau’s guidance on dealer participation.

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Auto Financeby StaffApril 14, 2015

Black Book Adds VP of Lender Solutions

Black Book has selected Barrett Teague to serve as vice president of its Lender Solutions business.

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Complianceby StaffApril 14, 2015

NIADA Effort to Halt Oregon BHPH Bill Succeeds

A bill aimed at restricting the practices of buy-here, pay-here dealers in Oregon is off the legislative agenda following an effort by the NIADA to educate lawmakers about the legislation’s potential harmful effects on consumers.

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Digitalby StaffApril 14, 2015

Consumers Trust Social Media, Peer Reviews More than Dealers

A recent study conducted by Crowdtap found that 80% of car buyers were more likely to turn to their social network for car-buying advice than a salesperson.

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F&Iby StaffApril 14, 2015

‘Is It Compliant?’ to Cap Midwest Compliance Summit

Organizers of Compliance Summit have announced that the event will conclude with “Is It Compliant?”, an open-forum discussion of the topics raised in the course of the conference.

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Digitalby StaffApril 14, 2015

TrueCar Dealer Enrollment Hits All-Time High

TrueCar added 840 franchise and independent dealers in the first quarter of 2015, the biggest ever volume gain in company history, company officials said.

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Digitalby StaffApril 13, 2015

Lexus, Subaru Top DealerRater's Consumer Rating Index

DealerRater announced that Lexus and Subaru have received the highest ratings in customer satisfaction among all vehicle OEMs as part of its 2015 Consumer Rating Index.

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