The Federal Trade Commission official who championed investigations and handed out significant penalties against dealerships for misdeeds involving financing, advertising and more is departing the regulator. FTC acting chairman Maureen Ohlhausen announced this week that Jessica Rich, director of the ... [Read More]

Before Tom Brady and the New England Patriots claimed another Super Bowl victory on Sunday night, President Trump released his latest executive order and outlined what he called the “core principles” of financial system regulation, generating a wide array of ... [Read More]

Wise F&I, which offers a full suite of finance and insurance products, announced on Monday that its products are now available to automotive retailers operating on the Reynolds and Reynolds dealership management system (DMS). Dealers can leverage Wise F&I offerings ... [Read More]

Compliance experts and industry advocates have been trying to project what might happen to the Consumer Financial Protection Bureau since President Trump was elected back in November. Two developments arrived this week that perhaps might give auto finance companies and ... [Read More]

Repossession and skip-tracing services provider Loss Prevention Services (LPS) announced on Thursday that the company has chosen MBSi Corp. as its assignment and compliance management solution. Throughout the year, LPS said it will transition its assignment management platform to Recovery ... [Read More]

When the Federal Open Market Committee’s first opportunity to make another interest rate adjustment arrived this week, the Federal Reserve unanimously passed on making another increase, maintaining the target range for the federal funds rate at 0.50 percent to 0.75 ... [Read More]

GWC Warranty, a provider of used-vehicle service contracts and related finance and insurance products sold through dealers, recently announced the addition of three executives to bolster its sales and operations teams. Joining the sales force are Sarah Messmann, who has ... [Read More]

The latest dealer survey orchestrated by KeyBanc Capital Markets showed participants ended up being evenly split when describing credit availability to their customers. According to the survey conducted in December, KeyBanc found that 50 percent said credit availability remained intact ... [Read More]

Formed through thousands of conversations with the nation’s leading dealership principals and finance companies, EFG Companies finalized four predictions and recommendations for 2017. President and chief executive officer John Pappanastos summarized the results on Tuesday, saying these insights reflect an ... [Read More]

Advocates for more regulation by federal agencies over the auto finance industry and other financial services providers might describe the latest executive order by President Trump as “one step forward and two steps back.” The White House released the latest ... [Read More]