Before reaching a settlement with the Massachusetts attorney general who alleged the finance company charged “excessive” interest rates on its subprime vehicle installment contracts, Santander Consumer USA chief executive officer Jason Kulas discussed three specific industry-wide factors that impacted its ... [Read More]

Dealertrack Technologies associate counsel for regulatory and compliance Randy Henrick will be hosting another free webinar to discuss updated rules and the latest enforcement actions brought against dealers by the Federal Trade Commission. During the session titled, “Dealer Advertising: New ... [Read More]

TD Auto Finance U.S. — the auto financing business unit of TD Bank — recently shared its plans to consolidate its contact centers in the U.S. Officials explained the action is expected to capture efficiencies, expand service to dealer customers ... [Read More]

For dealership principals and finance company executives who might be watching tonight’s fourth Republican presidential primary debate, they might not want to step away during a commercial break: an advertisement is planned to highlight the position against the Consumer Financial ... [Read More]

Investment analysts thought Credit Acceptance Corp. leadership would be a good source to gauge what might be in the subprime auto finance space and gather any clarity about whether turbulence might be ongoing. Rather than just offering his opinion, chief ... [Read More]

For the second time in four months, the National Automobile Dealers Association has stated the Consumer Financial Protection Bureau squashed efforts to make public a number of leaked agency documents that NADA contends might undermine many of the agency’s long-running ... [Read More]

F&I Express announced two more companies joined its aftermarket product network. The newest additions to the network of nearly 100 product providers in an online portal accessible by dealers are Florida-based United States Warranty Corp., and Dent Wizard, a provider ... [Read More]

The AFC unit of KAR Auction Services enjoyed a solid third quarter, with volumes climbing 13 percent and profitability remaining strong. According to the parent company’s quarterly earnings information, AFC had 405,116 loan transactions in Q3, up from 358,800 in ... [Read More]

EFG Companies, partnered with Northwood University, this week announced the judging panel for the first annual F&I Innovator of the Year Award competition. According to EFG, the eight-member panel collectively touts over 100 years of F&I experience at auto dealerships ... [Read More]

Outstanding car loans hit a high point in the third quarter and have climbed more than 53 percent in the last five years, which appear to be good signs for the industry. As does the increase in car sales that ... [Read More]