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Digital•by Staff•March 31, 2015

Consumers Would Buy Cars on Smartphones, Morpace Reports

In its monthly online survey of U.S. consumers, market research and consulting firm Morpace found that 17% of car shoppers would complete a car-buying transaction from start to finish on their smartphone.

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Compliance•by Staff•March 31, 2015

SMART Payment Plan Appoints Compliance Officer

Jackson Bigham has been named chief compliance officer of SMART Payment Plan. In that role, he will be responsible for managing SMART’s state and federal regulatory compliance and regulatory reporting.

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F&I•by Staff•March 26, 2015

FTC Announces Multi-Agency Crackdown on Dealership Fraud

The FTC's enforcement sweep, which resulted in six new cases and $2.6 million in monetary judgements, marks the first time the agency has targeted add-on products and services.

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Compliance•by Brittany-Marie Swanson•March 26, 2015

SMART Payment Plan to Unwind Texas Business

SMART Payment Plan was ordered to wind down its business in Texas for operating without the proper state license since 2009. The biweekly payment provider can reapply for the license in 12 months.

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F&I•by Staff•March 26, 2015

Wise F&I Integrates Fusion Menu Into Sales Presentation

Wise F&I announced today that it is now integrated with The Impact Group’s Fusion Menu presentation software, allowing Wise F&I products to be sold through a customizable, low-pressure sales presentation.

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Compliance•by Staff•March 26, 2015

Senator Proposes Amendment to Reign In ‘Rogue’ CFPB

Proposed last week, an amendment to the Senate’s 2015 Budget Resolution would give Congress oversight of the CFPB, which currently has a budget of about $600 million and operates under the Federal Reserve.

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F&I•by Staff•March 26, 2015

Westlake Financial Announces 2014 Top Auctions

ADESA Phoenix, Kansas City Independent Auto Auction and Rawls Auto Auction were ranked the best in their regions, according to Westlake Financial Services' assessment of 45 auctions in 20 states.

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F&I•by Staff•March 25, 2015

Former Regulator Joins Midwest Compliance Summit

Organizers announced today that Reynolds and Reynolds’ Terry O’Loughlin, who spent 16 years in the Florida attorney general’s office, will kick off the Rules and Regulations portion of the event.

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F&I•by Staff•March 24, 2015

Fidelis PPM Responds to GM's Modification of Free Maintenance Plan

The president of DRIV technologies and Fidelis PPM says General Motors' decision to cut service visits under its free prepaid maintenance program provides an excellent opportunity for dealers to 'cement the value' of their own programs.

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Auto Finance•by Staff•March 24, 2015

Consumers Want Lenders to Bid for Their Business, Study Shows

Swapalease.com released a new study that shows a majority of customers aren’t interested in car-sharing services or autonomous driving. What they do want is lenders bidding for their business.

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