When it comes to credit card processing, the U.S. can still be a little old-fashioned. The U.S. is one of the only countries in the world that continues to rely on credit cards with magnetic stripe technology on the back. As a result, more than half

Over the years I have noticed more and more dealerships offering in-house warranties on used vehicles, backed by the dealership. It is a wonderful selling point and can set the dealership apart from competitors. But frequently dealerships want to mak

FORT WORTH, TX – May 15, 2015 – Most auto lenders are well aware of big-picture compliance safeguards they should implement into their collections efforts. But actually doing them is another story. “Compliance goals – whether they are for col

The Dodd-Frank Act directed the Consumer Financial Protection Bureau to study the use of pre-dispute arbitration clauses in consumer financial markets and gave the CFPB the power to prohibit or regulate the use of such clauses depending on its findin

Picture this.  AnyTown Dealership USA. The Year is Now. You finally land on a car, a dealership, and a sales person that you like. You make it official, write it up with the salesperson. You are ready to take delivery of your new or pre-owned vehicl

Many Millennials become credit rejects through no fault of their own, according to a new ID Analytics study. It calls for using less traditional ways to measure loan risks. The study says Millennials are denied financing at a higher rate, yet their p

No doubt, you’ve noticed dealers asking their F&I product providers and agents for more – more value-added services and business intelligence. Dealers today want smart products that consumers want to buy – and they want agents to help them

The Consumer Financial Protection Bureau (CFPB) recently issued its Winter 2015 Supervisory Highlights report. In it, the bureau noted that compliance programs at some entities were failing due to a lack of ownership involvement in compliance program

Autosoft Certifies MaximTrak F&I Platform, from F&I Showroom. WEST MIDDLESEX, Pa. — Autosoft Inc., a provider of dealer management systems (DMS), announced this week that MaximTrak Technologies’ F&I suite has completed the certificati