Search Close Menu

Search Results

Best Match Date Posted
Close
Expand All
Results: 86
Fed Reserve Approves Third Rate Hike of 2018

Fed Reserve Approves Third Rate Hike of 2018

The Federal Reserve on Wednesday raised interest rates for the third time this year and signaled it will raise the cost of borrowing again in December. Industry economists said it will not get better for consumers or the industry from here.

September 27, 2018

Cox Automotive’s O’Neil to Retire in February

Cox Automotive’s O’Neil to Retire in February

The tech firm confirmed this week reports that COO Mark O’Neil plans to retire this February. He’ll depart almost four years after Cox’s acquisition of Dealertrack, a company he led as CEO for about 14 years.

September 25, 2018

Pa. Dealer Agrees to Pay $2.1 Million to End Prosecution Into Bank Fraud

Pa. Dealer Agrees to Pay $2.1 Million to End Prosecution Into Bank Fraud

According to the U.S. Attorney’s Office, Hallman Chevrolet falsified loan documents as well as costume jewelry brought in by customers as collateral for purported down payments over a six-year period beginning in 2009. The dealer, David Hallman, accepted responsibility for the scheme and agreed to pay a $1.4 million fine and more than $737,000 in restitution to end federal prosecution.

September 6, 2018

AG Coalition: CFPB Has 'No Authority to Overrule' High Court’s ECOA Interpretation
Experian: Finance Amounts, Monthly Payments Reach New Highs in Q2
Calif. Board: GM Violated State Law in Attempting to Cancel Dealer's Franchise
Senate Committee Narrowly Confirms Trump's Pick to Head BCFP
TFS President and CEO Mike Groff to Retire; Successor Named

TFS President and CEO Mike Groff to Retire; Successor Named

Mike Groff was employee No. 7 when he joined a fledgling Toyota Motor Credit Corp in 1983. The captive’s president and CEO will retire on Aug. 31. Replacing him is Mark Templin, who has served as chairman of Toyota Motor Credit Corp.’s board of directors since May 2016.

August 7, 2018

FTC Charges Arizona Group With Falsifying Incomes on Consumer Credit Apps
AutoGravity Names New CEO, CTO

AutoGravity Names New CEO, CTO

Alex Mallman, who most recently served as president and CEO of Mercedes-Benz Auto Finance China, replaces AutoGravity’s co-founder and CEO Andy Hinrichs, who left in May, according to the Orange County Business Journal.

July 17, 2018

CDK Global to Acquire ELEAD1ONE

The deal was first reported on Sunday by The Banks Report, which described the pending acquisition as checking off 'several boxes for CDK while filling a big product hole — a viable integrated CRM platform with significant market share.'

July 16, 2018

FTC, 12 Partner Agencies Conduct Used Car Rule Compliance Sweep
Updated: Roadster Secures New Funding, Announces New Ties With Lithia, Lexus
Fed Reserve Approves Second Rate Hike of 2018

Fed Reserve Approves Second Rate Hike of 2018

For the seventh time since 2015, the Federal Reserve increased the Federal Funds Rate a quarter percentage. Cox Automotive economists say higher interest rates and tighter credit have already led to softening retail demand, noting that further rate increases will impact all corners of the car business.

June 14, 2018

Experian: Americans Borrow Record Amounts for Auto Purchases in Q1