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THE GOOD FIGHT: Paul John, executive director of the Georgia Independent Automobile Dealers Association, discusses how the association fought against state legislation that would have raised the taxes on used-car purchases.

TCF Exits Indirect Auto Finance

TCF Exits Indirect Auto Finance Featured

TCF Financial Corp. will discontinue all indirect auto finance originations, effective Dec. 1. TCF will continue to service existing auto loans on its balance sheet and auto loans serviced for others. Concurrent with the discontinuation of indirect auto originations, TCF’s board of directors has approved the replacement of its previous share repurchase program with a new authorization to repurchase up to $150 million of TCF common stock. As a result of the decision to discontinue all indirect auto finance originations, TCF expects to recognize a one-time, after-tax charge in the fourth quarter of 2017. Actions to wind down operations that support indirect auto originations will begin immediately and the servicing operations will be adjusted over time to support business requirements, including the retention of the necessary staff.
Last modified on Wednesday, 29 November 2017 23:19
Consumer Reports Ranks Brands For Reliability

Consumer Reports Ranks Brands For Reliability

Toyota and Lexus once again finished atop the Consumer Reports’ Annual Auto Reliability Survey, but the news was the No. 3 finisher – Buick.The General Motors division became the first...

Kawasaki Recalls Motorcycles for Shock Absorbers

Kawasaki Recalls Motorcycles for Shock Absorbers

Kawasaki Motors Corp., U.S.A. is recalling 2,383 2017-18 ZR900AH, ZR900BH and ZR900BJ motorcycles. The rear shock absorber tie-rod frame mount holes can become elongated if the rear shock...

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