Reading the Tea Leaves on Interest Rates [SPONSORED]

The topic of interest rates is a popular one among lenders, sparked by the quarterly Federal Reserve meetings, and debated by those with contradictory opinions. As a case in point, let’s review the recent comments made by Moody’s Analytics during the Auto Finance News Performance and Compliance Summit. According to Michael Vogan, assistant director and […]
  • EFG Companies
  • May 18, 2018
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Westlake Plans Expansion Into Canada, Puts Used-Leasing on Backburner

Westlake Financial Services is “aggressively looking to grow” its business into Ontario, Canada, in the third or fourth quarter, Group President Ian Anderson told Auto Finance News. Westlake will begin by making itself available to dealers through Dealertrack, as well as by sending physical representatives to dealerships to introduce the lender to the market. “We […]
  • Emma Sandler
  • May 17, 2018
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Harley-Davidson Dealer Observes Increased Action in Used-Market

Capital City Cycles, a used-motorcycle dealership that primarily sells Harley-Davidsons, has seen increased activity in the used-powersports industry, Manager Brandon Collins told Powersports Finance. “As more people ride, you get more types of buyers in the market and I think the used-motorcycle industry is taking off faster than it ever has,” Collins said. Motorcycle sales were […]
  • Matthew Wood
  • May 17, 2018
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Toyota to Raise Markup Caps Following Early Termination of CFPB Consent Order

Toyota Financial Services was approved for early termination of a 2016 consent order — which alleged the captive’s dealer compensation model resulted in higher interest rates for minority borrowers — and the lender intends to raise markup caps following the decision, the company told Auto Finance News. The consent order was lifted May 1, but is […]
  • William Hoffman
  • May 16, 2018
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Toyota to Raise Markup Caps Following Early Termination of CFPB Consent Order [FULL DETAILS]

Toyota Financial Services was approved for early termination of a 2016 consent order — which alleged the captive’s dealer compensation model resulted in higher interest rates for minority borrowers — and the lender intends to raise markup caps following the decision, the company told Auto Finance News.   The consent order was lifted May 1, but is […]
  • William Hoffman
  • May 16, 2018
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Simplifying Motor Vehicle Titling with Tax and Fee Estimates [SPONSORED]

Lenders and borrowers alike continually express frustration with the perfection process and the challenges associated with keeping on top of requirements. Understanding taxes and fees can be one of the most onerous parts of the motor vehicle titling process and is a primary cause of pain for lenders. For most lenders, determining the taxes and […]
  • Wolters Kluwer Financial Services
  • May 16, 2018
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