A TCF Capital Solutions has hired Paul Erwin to lead a fleet funding initiative for fleet management companies, according to a release.
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The Federal Reserve announced a quarter-point interest rate reduction yesterday, its third such move this year. The target federal funds rate now stand at 1.5% after starting the year at 2.25%.
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Cox Automotive’s chief economist, Jonathan Smoke, said he didn’t expect the Fed’s latest move to match the impact of the July cut for auto manufacturers or dealers.
Read More →Black Book will begin offering vehicle verification information to automotive lenders to help reduce misrepresentation about a vehicle's trim and equipped options, the valuation firm announced.
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The Federal Reserve has voted unanimously that it would not hike interest rates any further for the remainder of 2019.
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