Recent News

Presidio founder to head automotive practice

Presidio, a key player in the buying and selling of auto dealerships in the United States, last week named a new head of its automotive investment banking practice after the recent departure of the practice's former leaders. ... Read More »

Musk touts Tesla video ad made by recent college grads for $1,500

Tesla Motors doesn't spend a dime on paid advertising, but a group of recent college graduates decided to make a video spot for the electric car company anyway -- much to the delight of CEO Elon Musk. ... Read More »

How To Submit Your Alternative Scoring Questions During FTC Workshop

The Federal Trade Commission is hosting a seminar on alternative scoring products in Washington, D.C., on March 19, 2014, and invites webcast viewers to submit questions online. Staff will live-tweet the seminar, and take questions via Twitter, Facebook, and email. The...

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FTC Staff Advises Massachusetts Department of Public Utilities On Dynamic Pricing Proposal for Residential Electricity Customers

The Federal Trade Commission staff submitted a comment in response to a request from the Commonwealth of Massachusetts Department of Public Utilities (Mass. DPU) for comments on its investigation of dynamic pricing for residential electricity customers. Dynamic...

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Survey: Bankers Preparing for Higher Credit Losses

RALEIGH, N.C. — U.S. banks and credit unions, preparing for proposed changes to how they must estimate credit losses, anticipate they’ll eventually need to boost allowances for loan and lease losses by up to 50%, according to a new survey by Sageworks,...

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MileOne Automotive Deploys StoneEagle’s F&I Reporting Platform

DALLAS — StoneEagle has announced that MileOne Automotive, an automotive sales and service delivery network operating throughout Maryland, Pennsylvania, Virginia and North Carolina, has deployed the SEcureMetrics F&I and sales reporting platform...

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FTC Charges Ark. Dealer With Not Displaying Buyers Guides

JONESBORO, Ark. — The Federal Trade Commission has charged an Arkansas auto dealer, Abernathy Motor Co., and its two principals, with failing to display a “Buyers Guide” on used vehicles offered for sale, as required by the FTC’s Used Car...

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MaximTrak F&I Suite Recognized by ‘CIO Review’

WAYNE, Pa. — MaximTrak Technology’s F&I Suite was recognized by CIO Review magazine for changing the way consumers buy cars from auto retailers.“By injecting innovative F&I technologies and processes into the vehicle delivery process,...

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Ron Martin Releases F&I Sales Training Book

FORT WAYNE, Ind. — Ron Martin of VisionMenu Inc. has released Digital F&I, a F&I sales training book. It is an expanded edition of his previous book, The Vision of F&I.This new edition includes new and improved sales pitches, word-tracks, and...

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GM recall is bad, but not yet Toyota-bad

As bad as the General Motors ignition switch recall is, the storm still doesn't match the hysteria whipped up four years ago by Toyota's unintended-acceleration crisis. The Toyota recall was, and still is, the benchmark mammoth recall of our time. ... Read More »
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