Recent News

Congress cleared to review CFPB auto loan guidance

The CFPB issued rules in 2013 to hold lenders that offer auto loans through dealerships responsible for discriminatory pricing based on race, sex or national origin. ... Read More »

EFG Companies Launches Mobile App

DALLAS — EFG Companies today announced the launch of Driver’s Advocate, a mobile app developed out of the F&I product provider’s 2015 and 2016 Northwood University Innovator of the Year contests.Driver’s Advocate is designed to foster...

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Used Vehicle Index Rises for Third Straight Month

LAWRENCEVILLE, Ga. — Black Book (div. Hearst Business Media) released its Used Vehicle Retention Index for November, with the index increasing 0.3% month-over-month from 114.6 to 115.0, its third straight monthly increase dating back to August when it was...

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Alpha Warranty Rolls Out Online Claims Submission Tool

SALT LAKE CITY — Alpha Warranty Services today announced the rollout of a new online claims submission tool. It is designed to allow repair facilities and dealerships to enter multiple claims and multiple jobs at once without having to call in the claim.With...

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AutoGravity Names Wang as CTO

IRVINE, Calif. — Fintech provider AutoGravity has announced the appointment of Sheng Wang as chief technology officer. Wang joins AutoGravity’s executive team with responsibility for leading product and engineering to deliver a trustworthy and...

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Kia continues its Super Bowl streak

Kia is coming back to the Super Bowl for the ninth straight year, as the automaker establishes itself as one of the most loyal advertisers in the game. ... Read More »

CNA National Welcomes New VP of Reinsurance

SCOTTSDALE, Ariz. — CNA National Warranty Corp. today announced that Rob Hehr has joined the company in the newly established position of vice president of reinsurance.“With a wealth of experience in both the insurance and automotive industries, Rob...

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Huntington Bank Promotes Rich Porrello to President

COLUMBUS, Ohio — Huntington Bank has promoted auto lending veteran Rich Porrello to president of its auto finance business.Since 2010, Porrello has served as managing director of the organization, where he oversees day-to-day operations and 180 professionals...

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Lyft boosts round to $1.5 billion, led by Alphabet unit

Lyft said its recent funding round is growing 50 percent, giving the ride-hailing startup more financial firepower to compete with its larger, troubled rival Uber. ... Read More »

SpaceX seen by analyst as potential suitor If Tesla struggles, Musk wanders

A Morgan Stanley analyst said Tesla could struggle on its own and that Elon Musk's attention may wander more toward his other-worldly endeavors, potentially leading to a combination with SpaceX. ... Read More »
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