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Lake Forest, CA – Capital Z Partners Management, LLC (“Capital Z”), a New York-based private equity firm, announced in early July that it has acquired Portfolio Group, Inc. (“Portfolio” or the “Company”) from Frontenac Company, LLC (“Frontenac”), a Chicago-based private equity firm. Terms of the transaction were not disclosed. Based in Lake Forest, CA, and ... Read More »
Read More →WASHINGTON, D.C. — Violations of the Federal Trade Commission’s prohibition on unfair or deceptive acts or practices are going to get more expensive come Aug. 1. That’s when the commission’s interim final rule aimed at increasing a variety of civil penalties takes effect. According to its website, the FTC has approved final amendments to Commission Rule ... Read More »
Read More →WASHINGTON, D.C. — In its summer edition of Supervisory Highlights, the Consumer Financial Protection Bureau accused one or more finance sources of being deceptive in their advertisements of GAP and in the way they disclose payment deferral terms. According to the report, the GAP advertisements gave the impression that the product fully covered the remaining balance ... Read More »
Read More →CANTON, Mass. and IRVINE, Calif. — LoJack, a wholly-owned subsidiary of CalAmp, is alerting consumers to some of the sophisticated techniques vehicle thieves are using to break into today’s connected vehicle. The information shared is part of a consumer campaign the firm rolled out as part of this month’s National Vehicle Theft Protection Month, but it could also ... Read More »
Read More →IRVINE, Calif.— As digital retailing becomes more and more prolific, Kelley Blue Book Analyst Alec Gutierrez suspects that profits will shift away from the sale of the car and into the F&I office. Sites that allow customers to price shop have become a normal part of the car-shopping experience for consumers. This new normal, Guiterrez ... Read More »
Read More →WASHINGTON, D.C. — Despite the mild slowdown in the economy during 2016’s opening quarter, 30-day or more delinquencies fell in seven of the 11 loan categories tracked by the American Bankers Association (ABA). The association’s composite ratio, which tracks 30-day delinquencies in eight closed-ended installment loan categories, including loans originated through the indirect auto finance ... Read More »
Read More →WASHINGTON, D.C. — The question of whether state franchise laws protect dealerships at the expense of consumers was addressed in a new economic analysis released today by an independent and nonpartisan think tank. The conclusion: state franchise laws are not protectionist, and they produce lower prices for consumers. Conducted by the Phoenix Center for Advanced ... Read More »
Read More →MONTEREY, Calif. — Infiniti dealerships treat its customers best, at least according to the newly released 2016 Pied Piper Prospect Satisfaction Index (PSI) U.S. Auto Industry Benchmarking study. Now in its 10th year, the study measures how car shoppers are treated at the dealership. This was the first year that Infiniti ranked highest among all ... Read More »
Read More →TAMPA, Fla. — Leading attorney and compliance expert James S. Ganther has agreed to speak at the upcoming Compliance Summit Las Vegas, organizers announced Tuesday. The event is scheduled for Aug. 29–30, 2016, at Paris Las Vegas, as part of Industry Summit. “I’ve been privileged to have participated in each of the Compliance Summits since the initiative was ... Read More »
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