March 8, 2012
NADA University announced it is now offering all of its legal and regulatory webinars — live and on-demand — at no cost to NADA and American Truck Dealer members and their staffs.
Tags: Credit Scores, FEDERAL REGULATION, financial regulation, FLOORPLAN FINANCING, LEGAL, NADA University, Red Flags Rule, risk-based pricing rule, training, Web tools
January 12, 2012
Oklahoma became the latest state to put the brakes on TrueCar, with the state’s motor vehicle commission deeming the service in violation of the state’s dealer licensing laws.
Tags: LEGAL, Oklahoma, TrueCar
January 10, 2012
California State Assembly Member Mike Feuer (D–Los Angeles) and State Sen. Ted W. Lieu (D–Torrance) have proposed legislation that would introduce new rules designed to “rein in abusive practices” of buy here, pay here dealers statewide.
Tags: buy here, buy-here, financial legislation, LEGAL, legislation, National Alliance of Buy Here, pay here, Pay Here Dealers, pay-here
The Virginia motor vehicle dealer board ruled yesterday that TrueCar’s business model is in violation of the state’s dealer licensing laws, which prohibit third-party services from acting on behalf of the dealer in the sale of a motor vehicle.
Tags: Internet leads, lead generation, LEGAL, third-party servicing, trigger leads, TrueCar
December 20, 2011
After hitting an impasse with auto industry skeptics, TrueCar is facing another setback. The embattled company and its dealers were notified by the Colorado Department of Revenue that they could be in violation of five of the state’s advertising rules.
Tags: Colorado, Compliance, LEGAL, marketing, TrueCar, Web Marketing
December 8, 2011
Hudson Cook LLP announced the addition attorneys Lori A. Desjardins, Thomas P. Quinn Jr. and Ryan S. Stinneford, as well as the establishment of the firm’s New England offices.
Tags: Hudson Cook LLP, LEGAL
July 19, 2011
President Obama nominated former Ohio Attorney General Richard Cordray to serve as the director of the new Consumer Financial Protection Bureau (CFPB) agency. Cordray has served as head of the CFPB’s enforcement division for the last six months.
Tags: CFPB, Compliance, Consumer Financial Protection Bureau, Hudson Cook LLP, LEGAL, Obama administration
July 12, 2011
Under the new bill, the Texas Department of Motor Vehicles will join states like Arizona and California in transitioning to electronic lien and titling. The move is expected to reduce costs and eliminate the state’s exposure to fraud.
Tags: electronic lien and titles, FRAUD, LEGAL, legislation, VINtek
Aimed at telemarketers of vehicle service contracts, Senate Bill 132 was signed into law last week and will provide further oversight on service contract sales in Missouri.
Tags: extended warranties, LEGAL, legislation, service contracts, US Fidelis
April 15, 2011
The National Association of Dealer Counsel (NADC) board of directors elected new officers during its 7th Annual Member Conference held at the Trump International Hotel & Tower in Chicago.
Tags: LEGAL
Save time and money. Search for auto-dealer jobs. Advance your career. Access our career coaching services.