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MUSA Auto Finance announced its plans to expand both new and used car leasing nationwide through a partnership with two large U.S. financial institutions working together toward securitization.
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The average loan amount for a new vehicle jumps $4,000; however, the average monthly payment remains steady.
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For 16 years, the program has recognized the industry’s best vendors, suppliers, and finance partners.
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Kasasa, LTD. adds value to their financial technology and marketing services platform through its new partnership with Carleton, Inc.
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WASHINGTON, D.C. — Kathy Kraninger, current associate director for general government at the Office of Management and Budget (OMB), was approved by the U.S. Senate Committee on Banking, Housing on Urban Affairs to lead the Bureau of Consumer Financial Protection (BCFP) by a narrow 13-12 vote. Thursday’s vote sends President Donald Trump’s pick to head ... Read More »
Read More →WASHINGTON, D.C. — Three weeks after announcing the completion of a seven-state sweep regarding compliance with its Used Car Rule, the Federal Trade Commission announced on Wednesday it has charged a group of four dealerships with a range of illegal activities, including falsifying consumers’ income and down payment information on credit applications and misrepresenting financial ... Read More »
Read More →WASHINGTON, D.C. — Leandra English, who former Consumer Financial Protection Bureau Director Richard Cordray’s picked to succeed him as acting director, is ending her court battle to unseat Mick Mulvaney as acting head of the bureau and her employment with the embattled regulator. On Friday, English’s attorney, Deepak Gupta, posted a statement on Twitter that English is ... Read More »
Read More →WASHINGTON, D.C. — The U.S House approved on Tuesday its version of the resolution of disapproval of the Consumer Financial Protection Bureau’s dealer participation guidance. The resolution now heads to President Trump’s desk, where it is expected to be signed. The 234-175 vote was cast largely along party lines, although 11 Democrats crossed the aisle ... Read More »
Read More →FARMINGTON HILLS, Mich. — Product documents from the 110-plus F&I product providers connected to MaximTrak’s sales and F&I solution can now be included in RouteOne’s econtracting package for a single, electronic consumer signing ceremony, RouteOne announced today. Designed to deliver a streamlined process to enhance the customer experience, the new functionality enables a fast, easy, and secure ... Read More »
Read More →CHERRY HILL, N.J. — TD Auto Finance today announced the national expansion of TDAF Commercial Services, which leverages TD Bank N.A. to provide floorplan financing and commercial lines of credit to automotive dealerships. “We are incredibly excited to continue growing our commercial business,” said TDAF President and CEO Andrew Stuart. “This decision signifies TD’s strong ... Read More »
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