Automotive News

Finance & Insurance

Issues important to finance & insurance executives from the United States

Jan 19, 2022
F&I personnel paid on commission tend to be exempt from federal overtime requirements, according to Chris Hoffman, co-chairman of Fisher Phillips' dealership practice group. However, those staffers will still likely need to keep track of their time like an hourly employee, he said.
Jan 19, 2022
Consumers claiming fake employers were associated with about $1 billion worth of loan value from February 2019 to December 2021, Point Predictive said Thursday.
Jan 19, 2022
Consumers claiming fake employers were associated with about $1 billion worth of loan value from February 2019 to December 2021, Point Predictive said Thursday.
Jan 17, 2022
A new partnership with Stripe will help Ford expand its capability for e-commerce and dealership transactions such as vehicle reservations.
Jan 17, 2022
Lenders reviewing "alternative data" can help customers without sufficient credit history. Some of those denied a loan might be proven creditworthy.
Jan 12, 2022
Dealership F&I departments might wish to review internal practices to head off two errors the compliance firm KPA is repeatedly observing in the industry: payment packing and a lack of vigilance regarding loan applicants.
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