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NewsJune 17, 2015

N.Y. Dealers Targeted for Payment Packing and Other Deceptive Practices

Attorney General Eric Schneiderman, which announced on Wednesday a $14 million settlement with three Paragon dealerships, says he intends to file suit against 11 additional dealerships for the unlawful sale of credit repair and identity theft-prevention products.

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NewsJune 17, 2015

CFPB Sues Auto Lender for Aggressive Debt Collection Tactics

The Consumer Financial Protection Bureau has sued auto loan company Security National Automotive Acceptance Company for aggressive and misleading debt collection tactics against military service members.

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NewsJune 17, 2015

Eyewitness Surveillance Launches Line of Dealership-Specific Tools

Eyewitness Surveillance announced the launch of a beta program for three products designed specifically for dealerships.

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NewsJune 16, 2015

Motor Trend Certifies Indiana Dealer

Town & Country Ford has become the exclusive Motor Trend Certified Dealer in Evansville, Ind.

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NewsJune 16, 2015

RoadVantage Launches Bundled F&I Product Program

RoadVantage is offering bundled F&I product packages for both retail or lease customers on a single form as part of its Total Solution program.

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Newsby Gregory ArroyoJune 16, 2015

Cox Automotive to Buy Dealertrack for $4 Billion

The software giants are currently forming an integration team to determine how the combined companies will be organized once the deal closes in the third quarter. A company official said Cox had identified Dealertrack as an acquisition target last year.

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NewsJune 16, 2015

IAS Names New Regional Sales Manager

Sean Dawson, who formerly worked with dealers in roles at PermaPlate and TD Auto Finance, has been selected as a regional sales manager for IAS.

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Newsby Gregory ArroyoJune 11, 2015

CFPB to Oversee Nonbank Auto Finance Companies

The CFPB finalized last week its proposal to oversee nonbank auto finance companies. The finalized rule, which left out recommendations submitted by an auto finance trade group, will take effect 60 days after publication in the Federal Register.

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NewsJune 10, 2015

Depreciation Picks Up Steam in May, Black Book Reports

After showing strong retention in April, compact SUVs exit May with the highest depreciation. The firm expects the annual vehicle depreciation rate to come in at 14.5%, which would sit just below the pre-recession range of 15% to 18%.

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Newsby Gregory ArroyoJune 10, 2015

CFPB Finalizes Proposal to Oversee Nonbank Auto Finance Companies

The CFPB finalized today its proposal to oversee nonbank auto finance companies. The finalized rule will take effect 60 days after publication in the Federal Register.

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