Guaranteed asset protection insurance

FTC and Wisconsin Take Action Against Rhinelander Auto Center for Illegally Discriminating Against American Indian Customers and Charging Unlawful Junk Fees

Retrieved on: 
Tuesday, October 24, 2023

“Working closely with the State of Wisconsin, we are holding these dealerships accountable for discriminating against American Indian customers and sneaking junk fees onto consumers’ bills,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection.

Key Points: 
  • “Working closely with the State of Wisconsin, we are holding these dealerships accountable for discriminating against American Indian customers and sneaking junk fees onto consumers’ bills,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection.
  • The complaint cites one survey of Rhinelander customers that shows half of the dealer’s customers said they were charged for add-ons without authorization or through deception.
  • Rhinelander and Towne discriminated against American Indian customers in the cost of financing by adding more “markup” to their interest rates, according to the FTC’s complaint.
  • This additional markup cost American Indian customers $401 more on average compared to non-Latino white customers.
  • In addition, the complaint alleges that American Indian customers were charged for unwanted add-ons at a higher rate than non-Latino white customers.

Announcing Pendency of Class Action Involving Purchases of Wells Fargo & Co. Common Stock

Retrieved on: 
Friday, December 2, 2022

To all persons and entities that purchased or otherwise acquired shares of the common stock of Wells Fargo & Co. ("Wells Fargo" or the "Company") during the period from November 3, 2016 through August 3, 2017, inclusive (the "Class Period").

Key Points: 
  • To all persons and entities that purchased or otherwise acquired shares of the common stock of Wells Fargo & Co. ("Wells Fargo" or the "Company") during the period from November 3, 2016 through August 3, 2017, inclusive (the "Class Period").
  • You could be affected by a class action lawsuit against Wells Fargo and Individual Defendant Timothy Sloan (collectively "Defendants").
  • The Court, which authorized this notice, is allowing the case to proceed as a class action on behalf of a "Class" and appointed attorneys as "Class Counsel."
  • Excluded from the Class are Defendants; present or former executive officers of Wells Fargo and their immediate family members.

DeepTarget with Access Softek Announces Finalists and the Grand Prize Winner in the Second Annual Digital Impact 2022 Award

Retrieved on: 
Wednesday, November 2, 2022

The 2022 selected finalists are:

Key Points: 
  • The 2022 selected finalists are:
    Americas Credit Union (ACU); Asset size $400 million; Credit Card Campaign.
  • Innovations Financial Credit Union ; Asset size $346 million; Auto Link campaign find a vehicle and finance all in one place.
  • These five finalists presented in the Digital Impact Spotlight sessions during the Access Softek Client Conference held in Napa, California.
  • Conference attendees voted to select the 2022 Digital Impact grand prize winner.

Lease End Announces New Partnership with TD Bank to Strengthen Financing Network

Retrieved on: 
Thursday, August 4, 2022

BURLEY, Idaho, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Lease End , the leading online platform empowering consumers to take control of their end-of-lease options, today announced a new financing partnership with TD Bank .

Key Points: 
  • BURLEY, Idaho, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Lease End , the leading online platform empowering consumers to take control of their end-of-lease options, today announced a new financing partnership with TD Bank .
  • The partnership will scale Lease Ends digital financing options and allow more lessees to buy out their vehicle in a highly constrained auto market.
  • TD Bank was an obvious choice to help implement our vision of an effective and convenient digital financing experience and maintain our growth trajectory.
  • In less than one year since launching their fully online lease buyout platform, Lease End has doubled customer volume every six months.

New Study Finds Consumers Value Guaranteed Asset Protection

Retrieved on: 
Tuesday, March 8, 2022

The study, Consumers and Guaranteed Asset Protection ("GAP Protection") on Vehicle Loans and Sales-Financing Contracts: A First Look , highlights that purchase of GAP Waivers on auto loans has "become fairly common since its introduction about three decades or so ago."

Key Points: 
  • The study, Consumers and Guaranteed Asset Protection ("GAP Protection") on Vehicle Loans and Sales-Financing Contracts: A First Look , highlights that purchase of GAP Waivers on auto loans has "become fairly common since its introduction about three decades or so ago."
  • Through October 2021, the average transaction price of a new vehicle was $41,421, according to the National Automobile Dealers Association (NADA).
  • The paper underscores that customers falling into one of these categories may feel unsuited to take on financial risks and, consequently, may become candidates for the financial protection GAP Waivers offer.
  • *CCIA fosters consumer financial security by assuring a healthy market for voluntary protection products that help consumers meet their payment obligations should an unforeseen event arise such as disability, job loss, death, total loss of a vehicle, or repair of a household asset.

TRED Announces $25 Million in Series B Funding

Retrieved on: 
Tuesday, November 9, 2021

TRED, the online peer-to-peer car marketplace, announced today a $25 million Series B funding round to expand its products, locations, partnerships, and team of engineers.

Key Points: 
  • TRED, the online peer-to-peer car marketplace, announced today a $25 million Series B funding round to expand its products, locations, partnerships, and team of engineers.
  • TRED aims to make the buying and selling process simpler and faster for consumers.
  • Its services include car buying and selling, auto financing, vehicle protection, vehicle value reports, fraud protection with TRED Escrow, and Guaranteed Asset Protection (GAP).
  • This funding will allow TRED to invest in its products, expand its locations and services throughout the country, and further develop its partnerships, said Grant Feek, CEO of TRED.

What Is GAP Auto Insurance And Why Drivers Should Buy It?

Retrieved on: 
Sunday, October 25, 2020

If the car gets totaled or stolen, gap insurance will help pay the difference.

Key Points: 
  • If the car gets totaled or stolen, gap insurance will help pay the difference.
  • The lender will probably insist on purchasing GAP insurance, alongside collision and comprehensive coverage.
  • Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes.
  • On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.