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A Big Win for Car Finance Customers: What Court Ruling Means

Car Examer

Let’s break down what happened and how it might affect car finance customers. If you’ve ever financed a car through a dealership, there’s a chance you may have unknowingly paid more than you should have. Because many car dealers have been earning hidden commissions from lenders without telling their customers.

Finance 59
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Close Brothers makes phased return to writing motor finance

Motor Trader

Close Brothers Motor Finance has begun a phased return to the writing of new UK motor finance business. Following the temporary pause in underwriting new vehicle finance agreements, which was announced on 25 October 2024, CBMF resumed writing new business with selected partners on Saturday 2 November 2024.

Finance 95
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Understanding How The U.S. Treasury Views The Use of AI in Auto Retail & Finance

Dealer World

Here are the central themes and proposed actions outlined in the report: AI in Financial Services: AIs increasing adoption in areas like underwriting, fraud detection, and customer service is modernizing auto finance operations. Facilitate information sharing and develop risk management best practices across the financial sector.

Finance 75
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Paragon Bank appoints new motor finance division MD

Motor Trader

Paragon Bank has appointed Dave Wilson as Managing Director of its Motor Finance division, following Julian Rance’s retirement. Wilson joined Paragon’s Motor Finance division in 2017. Most recently, he was head of business development. We are confident he will be a great success.”

Banking 105
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Close Brothers Motor Finance appoints MD sales

Motor Trader

Close Brothers Motor Finance (CBMF) has appointed John Cassidy as managing director – sales. He reports to Seán Kemple, CEO Motor UK and Retail Finance Ireland at CBMF. He reports to Seán Kemple, CEO Motor UK and Retail Finance Ireland at CBMF.

Finance 105
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Understanding How the U.S. Treasury Views AI in Auto Finance

AutoSuccessOnline

Here are the central themes and proposed actions outlined in the report: AI in Financial Services: AIs increasing adoption in areas like underwriting, fraud detection and customer service is modernizing auto finance operations. Facilitate information sharing and develop risk management best practices across the financial sector.

Finance 40
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Media post: Accelerating Adoption: Cryptocurrency’s Role in Automotive Financing and Payment Systems

Best Selling Cars Blog

Cryptocurrency: Transforming Automotive Finance In the past, automotive financing involved a bank, credit union or any other company that deals with loans for vehicle purchases. Streamlining Payment Systems In addition to financing, cryptocurrency is streamlining payment systems within the automotive industry.

Finance 130