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What CFPB Bulletin Might Mean for Dealer Reserve and More -- March 22, 2013
WASHINGTON, D.C. — Legal experts and industry associations weighed in as the Consumer Financial Protection Bureau released a bulletin Thursday that targeted dealer reserve and potential discriminatory practices. Tom Hudson told SubPrime Auto Finance News that he expected to see ...
[ Full Story ]

AFSA, CBA, NAFCU Unsettled Over Bureau's Auto Finance Bulletin -- March 22, 2013
WASHINGTON, D.C. — As dealer associations reacted swiftly to the Consumer Financial Protection Bureau's latest position on auto financing, organizations representing banking and financial institutions as well as credit unions all saw problems in the guidance, too. American Financial Services Association president and chief executive Chris Stinebert shared several concerns about ...
[ Full Story ]

AutoStar Chooses NCM 20 Groups for New BHPH Dealer Network -- March 22, 2013
OVERLAND PARK, Kan. — NCM Associates announced Thursday it is working collaboratively with automotive dealership technology provider AutoStar Solutions to form exclusive AutoStar 20 Groups for its buy-here, pay-here management software users. To kick off the effort, NCM will host [ Full Story ]

CU Direct, First Associates Partner for Loan Servicing Solution -- March 22, 2013
ONTARIO, Calif. — CU Direct recently signed a new partnership agreement with First Associates Loan Servicing for what officials called "a best in class" loan servicing solution for credit unions. As a result of the partnership, the companies highlighted the new solution will cover ...
[ Full Story ]

S&P/Experian: February Auto Loan Default Rates Edge Slightly Higher, Still Below Year-Ago Levels -- March 20, 2013
NEW YORK — Auto loan default rates moved up marginally in February compared to the previous month, but readings according to S&P Dow Jones Indices and Experian still fell below year-ago levels. The February auto loan default rate came in at 1.11 percent, up just slightly from January's level of ...
[ Full Story ]

Senate Committee Votes to Approve Cordray Confirmation but Party-Line Division Remains -- March 20, 2013
WASHINGTON, D.C. — Confirmation to keep the director of the Consumer Financial Protection Bureau at his post took a step forward Tuesday by a narrow margin. Along the way, opposition reiterated its stance to how the regulatory agency is organized. Members of the U.S. Senate Banking Committee voted Tuesday to ... [ Full Story ]



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