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F&I•by Staff•August 19, 2014

AFIP Extends Pre-Summit Boot Camp Discount

Now through Aug. 22, Industry Summit attendees can get a $100 discount off registration for the AFIP's certification Boot Camp. The training session takes place before the start of F&I and Showroom's annual conference on Sunday, Sept. 7, and Monday, Sept. 8, at the Paris Las Vegas.

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Compliance•by Staff•August 19, 2014

N.Y. Dealer to Pay $27K for Bogus Customer Fees

An investigation of a Toyota dealership in Kingston found that 27 customers were charged an additional undisclosed $650 fee when they purchased their vehicle at the end of the lease. No additional services were provided for payment of this fee.

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F&I•by Staff•August 14, 2014

Quality and Space a Concern in Third-Row Seating, J.D. Power Reports

Automakers are responding to consumer demand for third-row seating, but in doing so are compromising quality and cargo space, according to a recent study by J.D. Power.

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F&I•by Staff•August 14, 2014

Service Group Partners With Kawasaki

The Austin-based firm will serve as the administrator for the powersports maker's new GAP, tire-and-wheel and prepaid maintenance products. The protection products will be offered alongside the OEM's new Kawasaki Protection Plus.

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Compliance•by Brittany-Marie Swanson•August 14, 2014

Industry Responds to New York Times Op-Ed on Subprime Auto Loans

Industry associations responded this week to a New York Times opinion piece claiming that subprime auto lending is a predatory practice that stands to go the way of subprime mortgages.

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Digital•by Staff•August 13, 2014

F&I Express Adds American Guardian to Provider Network

F&I Express has added American Guardian Warranty Services and its full suite of aftermarket products to its eContracting platform.

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Auto Finance•by Staff•August 12, 2014

TrueCar Posts Record Revenue in Q2

For the first time in company history, TrueCar posted revenues exceeding $50 million. The feat was attributed to gains in the firm’s dealer count, market share and transactions.

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Compliance•by Staff•August 12, 2014

Dealership Employee Sentenced for $50,000 Theft

While working as a cashier, a former employee of a Pennsylvania dealership performed multiple unauthorized refund transactions and refunded the money to her own checking account. She was sentenced this week to four years of probation, including one year of house arrest.

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F&I•by Staff•August 12, 2014

July New-Vehicle Sales Increase 5% in July, Autodata Reports

July sales totaled 1.435 million units, according to the firm. It put the July SAAR at 16.48 million units, up from 15.76 million in July 2013 but down from 16.9 million in June.

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Compliance•by Brittany-Marie Swanson•August 7, 2014

Santander Consumer USA Receives DOJ Subpoena

In a regulatory filing Thursday, Santander Consumer USA disclosed that it has received a civil subpoena from the U.S. Department of Justice requesting documents related to subprime auto lending. Earlier in the week, GM Financial filed a similar report.

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