After at least six years of steady growth, banks' third-quarter auto loan balance decreased from the same period a year ago as credit unions' loan balance continued to grow, according to Experian.
Ethical practices in automotive finance have evolved significantly in recent decades, with a boom in automotive retail regulations. Automotive News explores this evolution in this special section.
Today, unethical behavior at dealerships is more difficult to get away with than in the past. Dealers set policies to weed out unethical characters, and social media and consumer resources often shed light on unethical business practices.
The relationship between compliance and ethics is especially acute in the F&I department.
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