The Consumer Bankers Association will not hold its auto finance conference in 2010. The Arlington, Va.-based trade group instead will present an event on all of retail banking next June.
CBA’s auto finance conference in 2010 would have been the organization’s 30th annual event.
In an email to past CBA auto finance conference attendees today, Mark M. Pregmon, chairman of the group’s auto finance committee and an executive vice president at SunTrust Banks Inc., wrote that the new conference, which has yet to adopt a formal name, will include tracks on auto finance, collections, home equity lending, consumer deposits, small business banking, fair lending, CRA, and student lending.
Dealers are grouping together with help from the various ADA’s to fight the franchise terminations. In any normal BK, this action generates a delay in enforcing the terminations. If the June 9 deadline is extended at all, the 60 window is in jeopardy.
From my point of view, I think this whole thing is moving so quickly that any attempt to stall the process will be run over quickly. It seems that established BK law precedence is being ignored and GM is taking notes.