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Auto Finance•by Staff•September 18, 2014

TFS Contracts ChannelNet to Increase Customer Loyalty and Retention

The captive finance company selected the digital marketing, sales and service solutions provider to provide web-based customer lifecycle communications.

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Auto Finance•by Staff•September 18, 2014

Wells Fargo to Split Consumer Credit Solutions Organization

Wells Fargo announced this week that it is separating its Consumer Lending Group’s Consumer Credit Solutions organization into two businesses with the impending retirement of Tom Wolfe, who headed up the organization.

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Compliance•by Staff•September 17, 2014

CFPB Proposes New Oversight of Nonbank Auto Finance Companies

The CFPB announced this week a proposed rule that would allow it to oversee about 38 nonbank auto finance companies. The bureau also plans to release a new whitepaper which details the methodology it uses to determine the presence of discrimination in auto lending.

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F&I•by Staff•September 16, 2014

Biweekly Payment Provider Bulks Up Compliance Practices

USEA implements code of ethics and a certification test for its dealership partners. The move comes more than three months after the NADA notified members that the FTC was investigating biweekly payment programs.

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F&I•by Staff•September 16, 2014

Northwood University, EFG Companies Partner

Under the new partnership, the two organizations will develop specialized continuing education programs, conduct joint industry research, and cross-publish content.

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Showroom•by Brittany-Marie Swanson•September 16, 2014

Court Rules Yelp Can Manipulate Business Ratings

This month, the Ninth U.S. Circuit Court of Appeals upheld a lower court’s ruling that dismissed a proposed class-action lawsuit against Yelp. The suit claimed the company extorts advertising dollars from businesses in exchange for good reviews, a practice the federal court said is not illegal.

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F&I•by Staff•September 16, 2014

Hudson Cook Adds Former CFPB Enforcement Deputy as Partner

Hudson Cook adds another former CFPB official to its offices in Washington, D.C., in Lucy Morris. She was a founding member of the implementation team that organized the CFPB after passage of the Dodd-Frank Act.

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F&I•by Staff•September 16, 2014

Bill to Rescind CFPB Auto 'Guidance' Gains Support in Congress

More than 400 dealers traveled to the nation’s capital in support of a new bill that could nullify the CFPB’s guidance on auto lending.

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Compliance•by Staff•September 16, 2014

NHTSA Fumbled GM Recall, House Reports

A House committee released a report this week that raised questions about how the National Highway Traffic Safety Administration responded to consumer complaints regarding faulty ignition switches on GM vehicles.

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Showroom•by Staff•September 16, 2014

Mass. High Court Rules in Favor of Tesla

This week, the Supreme Judicial Court of Massachusetts upheld a lower court’s ruling that dealers did not have grounds to challenge Tesla Motors’ ability to sell vehicles in the state.

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