Honda, Toyota, Nissan captives face charges of discrimination, report says

12:00 pm U.S. ET | July 1, 2015 | UPDATED: 7/1/15 4:37 pm ET - adds statements
The captive finance arms of Honda, Toyota and Nissan may have to limit how much they allow dealers to increase the cost of auto loans after regulators accused the lenders of unintentional discrimination against minority consumers.

Dealers feel the need for speed in F&I

11:00 am U.S. ET | July 1, 2015
Where do you see the greatest opportunity for improvement in your dealership's F&I operations? Asked that question, Mary Byrne, a one-time retired dealer who now is the general manager of Bruce Titus Automotive Group, didn't hesitate.

After 18 months, CFPB readies to reimburse Ally customers

11:30 am U.S. ET | July 1, 2015
In early 2014, Ally Financial, as part of a settlement over alleged discrimination in auto lending, submitted a list of potentially affected...

Despite convenience, electronic registration is tough sell in many states

11:15 am U.S. ET | July 1, 2015
In 28 states, car buyers can drive off dealers' lots with their license plates in position and registration forms in hand, thanks to electronic...

Q&A

What Tuttle-Click stores look for in lenders

11:00 am U.S. ET | July 1, 2015
Bill Paschen, finance director at Tuttle-Click Automotive Group, says the ideal lender offers aggressive programs to help sell light vehicles, help...

Supreme Court ruling could favor all groups debating bias in auto lending

7:45 pm U.S. ET | June 25, 2015
The Supreme Court's decision to endorse a broad interpretation of a legal theory used to fight housing discrimination provides ammunition for groups...

Ford Credit car-sharing plan aims to cut ownership costs

12:15 pm U.S. ET | June 24, 2015
Ford is entering the car-sharing market with a program that will cut Ford Credit customers' vehicle costs by enabling them to rent out their cars.

BB&T launches flat fees

11:45 am U.S. ET | June 24, 2015
Auto retailers working with BB&T Dealer Finance soon can expect to be paid flat fees, rather than dealer reserve, for arranging customers' loans.

NYC dealership must provide documents for non-English speakers

12:15 pm U.S. ET | June 24, 2015
As part of a settlement with the New York attorney general's office, a New York City dealership group must begin providing translations of sales...

CarMax originates $15 million in subprime loans in latest quarter

11:45 am U.S. ET | June 24, 2015
CarMax's finance arm originated about $15 million of subprime loans in its most recent quarter ended May 31.

Lenders stretch subprime auto loans, stoking concerns over consumer debt load

12:15 pm U.S. ET | June 24, 2015
Demand for automobile debt in the U.S.

Must dealers steer clear of credit repair?

12:01 am U.S. ET | June 22, 2015
The N.Y.

Lawsuit could test the F&I videotape defense

11:45 am U.S. ET | June 17, 2015
A videotaped closing in the F&I office might be key to a big court case for two dealerships in Alabama.

Q&A

Why longer loan terms are not a big concern

12:30 pm U.S. ET | June 17, 2015
The average auto loan term on a new car has grown to more than five years.

Ally boosts nonprime lending, non-GM business

11:00 am U.S. ET | June 10, 2015
Ally Financial Inc.

Auto lenders’ decision times drop

11:00 am U.S. ET | June 10, 2015
The industrywide effort to speed the F&I process is making strides due to a stronger focus on technology, according to results of the 2015 Non-prime...

F&I QUIZ

Who's bigger? A lender quiz

8:59 am U.S. ET | June 10, 2015
Here are 10 of the top 20 retail auto lenders in the first quarter as ranked by Experian Automotive. Try to rank them by market share.

JAMES B. TREECE

Mixed reviews are in after assuming lease for Volt

12:01 am U.S. ET | June 8, 2015
After running into title snags and other glitches in assuming an existing lease on a Chevrolet Volt, Automotive News' James B.

Auto-loan delinquency rates drop to lowest level in a decade

3:58 pm U.S. ET | June 4, 2015
Auto-loan delinquency rates have fallen to their lowest level in a decade, even as high-risk loans continue to rise, a June 4 report said.

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