AE eMagazine

11 Signs You Have The Grit You Need To Succeed

VW Faces Billions in Fines as U.S. Sues for Environmental Violations

The U.S. Justice Department has sued Volkswagen for up to $48 billion for allegedly violating environmental laws – a reminder of the carmaker’s problems nearly four months after its emissions scandal broke. Although such U.S. lawsuits are typically settled at a fraction of the theoretical maximum penalty, analysts said the size of the claim meant ... Read More »

You Are Your Biggest Obstacle in Becoming an Entrepreneur

Last Used-Price Hurrah Before Expected Supply Growth

STAMFORD – Though used-vehicle supply growth is expected to lead to a softening of residual values in the coming years, pre-owned prices were still on the way up as 2015 came to a close. According to the latest RVI Risk Outlook newsletter, used-vehicle prices, after being adjusted for MSRP, showed an increase of 1.9 percent ... Read More »

Wise F&I’s Rob Berger Elected President of GAPA

ST. LOUIS – Rob Berger, executive vice president at Wise F&I LLC, was recently elected to serve as president of the Guaranteed Asset Protection Alliance (GAPA). GAPA, as an organization, was established in 2006 and is comprised of companies who offer Guaranteed Asset Protection (GAP) products. The purpose of GAPA is to monitor and lobby ... Read More »

5 Essentials to Becoming a Millionaire Before You're 30

AFIP Issues Guidance on Reg. Z and M Dollar Thresholds for 2016

COLLEYVILLE — The Association of Finance and Insurance Professionals issued guidance this week on the Federal Reserve Board and the Consumer Financial Protection Bureau’s Nov. 25 announcement that 2016 dollar thresholds for Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing Act) exemptions will remain unchanged in 2016. Protections under the TILA and CLA ... Read More »

GWC Warranty Surpasses $375 Million in Claims Paid

WILKES-BARRE, Penn. – GWC Warranty, the best-in-class provider of used vehicle service contracts and related finance and insurance products sold through automotive dealers, has successfully topped $375 million in claims paid to date. “Surpassing $375 million in claims is an important milestone for GWC,” said Rob Glander, CEO and President of GWC Warranty. “Our slogan is ... Read More »

House Passes Legislation that Would Nullify CFPB Bulletin Regulating Car Dealers

WASHINGTON – The U.S. House of Representatives recently approved a piece of legislation that would nullify a 2013 bulletin issued by the Consumer Financial Protection Bureau, but would likely need the Senate to do the same by a veto-proof margin. The Reforming CFPB Indirect Auto Financing Guidance Act targets a bulletin that gave guidance on ... Read More »

GE Selling Hyundai Capital Shares to Hyundai, Kia

FAIRFIELD — GE has signed an agreement to sell a 23.3 percent stake of Hyundai Capital Services to Hyundai Motor Company and Kia Motors as part of a broader deal to exit its entire 43.3 percent ownership of the consumer HCS. The transaction, which is subject to regulatory approval, represents aggregate GE ending net investment ... Read More »