| 2015 Bentley Mulsanne Speed Debuts: It’s What Thanos Would Drive |
Sep 16th, 2014 |
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At Bentley, spending more gets you less. The range-topping Mulsanne sedan costs nearly $100,000 more than the smaller (and yet still enormous) Flying Spur. And yet it has less power, half the driven wheels, fewer engine cylinders, and a lower top speed. This is the deeply irrational way the very top end of the luxury-car […]
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| Santander to Acquire Canadian Auto Finance Company |
Sep 16th, 2014 |
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Banco Santander has reached an agreement with Carfinco to acquire its Canadian business for $298 million Canadian dollars. Under the agreement, a new company will be formed in which Santander will own approximately 95% of the equity, while top management of Carfinco will retain 5%.
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| Preparing for the Meeting |
Sep 16th, 2014 |
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The executive director of the Association of Finance and Insurance Professionals explains why he looks forward to a meeting with the Consumer Financial Protection Bureau’s new assistant director.
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| F&I Goes Retro |
Sep 16th, 2014 |
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The editor has a theory that may explain why some of F&I’s classic closes are making a comeback.
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| Biweekly Payment Provider Bulks Up Compliance Practices |
Sep 16th, 2014 |
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USEA implements code of ethics and a certification test for its dealership partners. The move comes more than three months after the NADA notified members that the FTC was investigating biweekly payment programs.
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| Northwood University, EFG Companies Partner |
Sep 16th, 2014 |
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Under the new partnership, the two organizations will develop specialized continuing education programs, conduct joint industry research, and cross-publish content.
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| Court Rules Yelp Can Manipulate Business Ratings |
Sep 16th, 2014 |
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This month, the Ninth U.S. Circuit Court of Appeals upheld a lower court’s ruling that dismissed a proposed class-action lawsuit against Yelp. The suit claimed the company extorts advertising dollars from businesses in exchange for good reviews, a practice the federal court said is not illegal.
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| Hudson Cook Adds Former CFPB Enforcement Deputy as Partner |
Sep 16th, 2014 |
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Hudson Cook adds another former CFPB official to its offices in Washington, D.C., in Lucy Morris. She was a founding member of the implementation team that organized the CFPB after passage of the Dodd-Frank Act.
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| Bill to Rescind CFPB Auto 'Guidance' Gains Support in Congress |
Sep 16th, 2014 |
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More than 400 dealers traveled to the nation’s capital in support of a new bill that could nullify the CFPB’s guidance on auto lending.
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| NHTSA Fumbled GM Recall, House Reports |
Sep 16th, 2014 |
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A House committee released a report this week that raised questions about how the National Highway Traffic Safety Administration responded to consumer complaints regarding faulty ignition switches on GM vehicles.
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