DETROIT – When you hear the word "abusive" used so many times within the context of auto finance, it jolts you to attention.
And that was my reaction as I sat on a panel yesterday during a day-long symposium here on "The Road Ahead" for auto finance regulation sponsored by the Federal Trade Commission.
"Abusive" was the word John Van Alst, an attorney at the National Consumer Law Center, used over and over during our panel. He was countered by Thomas B. Hudson, partner, Hudson…Continue
AutoFinanceNews.net is conducting an important research study to better understand the lender-dealer relationship from the dealer perspective, and we ask for your help. The research endeavor is intended to help lenders gain better insights on dealer views and practices as they relate to certain aspects of finance, such as negative equity.
To help, we ask that you send an email to your dealer-clients, asking them to fill out the short survey. For doing so, they will…Continue