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Huntington counts on 'boots on the ground' to drive success

Huntington Bank's new president of auto finance will focus on driving more business to dealerships and leveraging Huntington's local model.

As CFPB retreats, what's next for dealer reserve?

Two lenders who ditched dealer reserve in favor of flat fees, when the Consumer Financial Protection Bureau favored the latter, have revised their policies.

Ivanka Trump talks about lending issue with Pa. dealer

Do auto retailers befuddled by the Military Lending Act clarification now have the ear of the White House? Pennsylvania dealer Corina Straub Diehl thinks so.

Facing down the prospect of dwindling reserve

Shrinking finance reserve means dealers will have to make F&I product sales even more of a priority to maintain profitability, but likely, many are prepared.

Synthetic ID fraud is hot today, but think about the bigger picture

Auto lenders should develop a holistic approach to fighting fraud rather than react to the "fraud of the moment," experts say.

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BB&T reverts to traditional finance reserve

BB&T Dealer Finance, one of at least two major auto lenders to launch a flat-fee dealer compensation model after a Consumer Financial Protection Bureau crackdown on finance reserve, will end its flat-fee program in March in favor of a traditional retail pricing plan.

Canvas looks to boost dealer ties

Canvas, the vehicle subscription affiliate of Ford Motor Credit Co., will focus on expanding and strengthening dealership partnerships in 2018.

AutoNation F&I profit hits high

AutoNation's F&I gross profit per new vehicle retailed reached an all-time high in the fourth quarter, lifted by branded product sales and a training approach that boosts weaker stores' results.

GM Financial fights fallout from tech glitch

Glitches stemming from a systemwide technology upgrade at GM Financial has led to several hundred customers being incorrectly charged on their monthly auto payments. Now General Motors' captive finance arm is scrambling to fix the problems and make customers whole.

Santander to take equity stake in AutoFi

Santander Consumer USA is joining AutoFi's online vehicle sales and financing platform and a unit of the bank's parent is acquiring an undisclosed equity stake in the digital lending platform based in San Francisco.