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WASINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) this week took action against Equifax and TransUnion, ordering the two credit reporting agencies and their subsidiaries to pay more than $17.6 million in restitution for deceiving consumers about the usefulness and actual cost of credit scores they sold to consumers. The two firms were also ... Read More »
Read More →IRVINE, Calif. — The estimated average transaction price for light vehicles in the United States reached an all-time record high of $35,309 in December, according to Kelley Blue Book (KBB). This increase, the auto firm added, amounted to a 1.5% increase over the same time last year. Virtually all vehicle OEM recorded increases in average transaction prices, with ... Read More »
Read More →WILKES-BARRE, Penn. – GWC Warranty, a best-in-class provider of used vehicle service contracts and related finance and insurance products sold through automotive dealers, has named Adam Cappucci as its new Agency Channel Manager. In this role, Cappucci will act as the primary GWC liaison with automotive agents and their dealers to deliver programs and services designed to ... Read More »
Read More →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, recently completed a toy drive to benefit the annual toy shop at Geisinger Health System’s Janet Weis Children’s Hospital. Thanks to toy and monetary donations from GWC Warranty employees across the country, on ... Read More »
Read More →RouteOne has acquired the assets of MaximTrak and its related business and will operate MaximTrak through its wholly‐owned subsidiary RouteOne Holdings. This will bring together two long‐time partners to deliver a seamless vehicle F&I sales process. The vehicle purchase process has undergone fundamental changes in recent years, and will continue to do so with increasingly ... Read More »
Read More →LAS VEGAS — Organizers of Agent Summit have announced that the seventh annual event is scheduled for May 21–24, 2017, at Paris Las Vegas. Launched in 2011, the event draws about 1,000 agents and agent principals, speakers and exhibitors and remains the only conference designed by and for independent general agents. “With less than six months ... Read More »
Read More →WASHINGTON, D.C. — Four associations representing 12,000 banks and credit unions submitted a letter to Senate leaders urging them to consider replacing the Consumer Financial Protection Bureau (CFPB)’s single-director structure with a five-person bipartisan commission next year. The associations listed in the letter, which was sent on Wednesday to Senator Majority Leader Mitch McConnell (R-Ky.) ... Read More »
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