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Newsby AE eMagazineJune 23, 2015

BB&T Switching to Flat Fee Compensation Model

GREENSBORO, N.C. — BB&T Bank’s dealership finance arm, BB&T Dealer Finance, announced today that it will be switching to a flat fee compensation model that eliminates dealer markups on retail installment sales contracts, reports F&I and Showroom. Some of the bank’s dealer clients believe the move was motivated by the Consumer Financial Protection Bureau (CFPB)’s ... Read More »

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Newsby AE eMagazineJune 23, 2015

CFPB Sues Auto Lender for Aggressive Debt Collection Tactics

WASHINGTON D.C. — The Consumer Financial Protection Bureau (CFPB) has sued auto finance source Security National Automotive Acceptance Company (SNAAC) for aggressive debt collection tactics against military service members, reports F&I and Showroom. The CFPB charged the company with using illegal threats and deceptive claims in order to collect debts. It is seeking compensation for ... Read More »

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Newsby AE eMagazineJune 23, 2015

Service Group Tabs Dupaquier as Director of Training Center

AUSTIN— Service Group announced today that F&I trainer and automotive expert Tony Dupaquier will lead the company’s national training center, called The Academy. He will teach classes and develop the school’s curriculum and marketing outreach, reports F&I and Showroom. “We are very excited to add Tony D to our training team,” says Matt Woods, director ... Read More »

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Newsby AE eMagazineJune 23, 2015

Confident Financial Solutions Appoints VP of National Sales

BOULDER, Colo. — Confident Financial Solutions (CFS), a developer of financial solutions for automotive service centers and their customers, has announced that it has appointed Dan Beres as vice president of National Sales, reports F&I and Showroom. Beres joins an existing group of highly experienced professionals in the automotive industry and brings his expertise to ... Read More »

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Newsby AE eMagazineJune 19, 2015

NADA Chairman to Headline Industry Summit

LAS VEGAS — Organizers of the annual P&A Leadership Summit have announced that Bill Fox, 2015 chairman of the National Automobile Dealers Association (NADA), will deliver the evening keynote address at this year’s Industry Summit, which will be held Sept. 8–10, 2015, at Paris Las Vegas. Attendees who register for the P&A Leadership Summit are ... Read More »

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Newsby AE eMagazineJune 18, 2015

RoadVantage Unveils "Total Solution" to Drive Dealership Profits

AUSTIN – RoadVantage, the fastest-growing provider of F&I programs for the automotive industry, today announced a new initiative aimed at helping dealerships increase profits on retails sales and lease programs through a single customizable F&I product bundle. “The ‘Total Solution’ offers three bundle choices, tailored for either retail or lease customers – on a single ... Read More »

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Newsby AE eMagazineJune 17, 2015

IAS Names New Regional Sales Manager

AUSTIN – IAS, a leading provider of F&I solutions to automobile dealerships, today announced the addition of Sean Dawson as a Regional Sales Manager. In his role, Sean will work with the company’s nationwide network of General Agents to apply his strategic business knowledge and dealership experience to help them grow their business. Prior to joining ... Read More »

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Newsby AE eMagazineJune 16, 2015

Sigma Payment Solutions Forms National Marketing Alliance with KISS Concepts Group

Fort Worth, Tex.– Sigma Payment Solutions, the first and only auto loan payment processing provider to also offer a full menu of advanced payment channels nationwide, has announced an alliance with KISS Concepts Group to market their solutions to auto dealers in the buy-here-pay-here industry, as well as finance companies, credit unions and banks throughout ... Read More »

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Newsby AE eMagazineJune 16, 2015

SMART Payment Plan Wins The 2015 Platinum Dealer’s Choice Award

NAPLES, Fla. – The publishers of Auto Dealer Monthly magazine announced the winners of the 11th annual Dealers’ Choice Awards. SMART Payment Plan is proud to win the 2015 Platinum Dealer’s Choice Award. “This marks our third consecutive year of being recognized as a leader in automotive payments services. We are proud to have earned our dealers’ ... Read More »

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Newsby AE eMagazineJune 15, 2015

Lunt to Explain CFPB’s Effect on F&I Products

LAS VEGAS — The organizers of the annual P&A Leadership Summit have announced that The Warranty Group’s Aaron Lunt has agreed to brief attendees on the actions undertaken by the Consumer Financial Protection Bureau (CFPB) at the 2015 event, which is scheduled for Sept. 9–10 at Paris Las Vegas. “We wanted to invite Aaron as ... Read More »

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