The Industry's Leading Source For F&I, Sales And Technology

Compliance

1  -  25  of  458

May 21, 2015 - Industry News

TrueCar Denies Claims in CNCDA Lawsuit

The California New Car Dealers Association filed a lawsuit against TrueCar Wednesday, alleging the that the shopping site is not in compliance with certain sections of the California Vehicle Code — a claim TrueCar has denied.

Tags: Bellavia Blatt, California New Car Dealers Association, CNCDA, lawsuit, TrueCar

May 20, 2015 - Industry News

CNCDA Files Suit Against TrueCar

The California New Car Dealers Association filed a lawsuit Wednesday against TrueCar, alleging that the shopping site is not in compliance with certain sections of the California Vehicle Code.

Tags: California New Car Dealers Association, CNCDA, lawsuit, TrueCar

May 14, 2015 - Industry News

FTC Calls on States to Lift Direct-to-Consumer Sales Bans

A new Michigan bill that would allow ‘autocycle’ manufacturer Elio Motors to sell directly to consumers spurs the Federal Trade Commission to urge all states to lift bans on direct-to-consumer sales.

Tags: consumer buying habits, Federal Trade Commission, legislation, manufacturers, Michigan, Tesla, Tesla Motors

May 12, 2015 - Industry News

Texas DMV Closes Case Against CarGurus

The enforcement division of the Texas DMV has closed its case against CarGurus after the vehicle-shopping site made revisions to its used-car advertisements. In April, the department threatened enforcement actions because of the way the site listed used vehicles for sale.

Tags: advertising, CarGurus, DMV, online marketing, Texas, used vehicles

May 6, 2015 - Industry News

Most Dealers Unprepared for CFPB Regulations, eLEND Finds

In a recent survey, eLEND Solutions found that while 80% of dealers expect the CFPB to implement regulations that would replace dealer participation with mark-up thresholds or a flat-fee model, only 40% have plans in place to meet those requirements.

Tags: CFPB, compliance, Consumer Financial Protection Bureau, eLend, F&I presentation, online marketing

May 1, 2015 - Industry News

Texas DMV Halts Plan to Fine Dealers With CarGurus Listings

The Texas Department of Motor Vehicles Enforcement Division has pulled back on its plan to fine dealers with listings on CarGurus.com after the department and the shopping site discussed revisions to CarGurus’ advertising practices in a call yesterday.

Tags: CarGurus, Deceptive Advertising, DMV, online shoppers, Texas, Texas Automobile Dealers Association

April 30, 2015 - Industry News

Texas Dealers Could Face Fines Over CarGurus’ Business Practices

Dealers could face fines over CarGurus' advertising practices. At issue is the way the company lists used-car prices on its site, including projected savings below market value and price drops.

Last week, the Texas Department of Motor Vehicles Enforcement Division issued a cease-and-desist letter to CarGurus and the state’s dealer association, threatening dealers with fines up to $10,000 a day if the shopping site does not revise its advertising practices.

Tags: CarGurus, Deceptive Advertising, DMV, fine, Texas

April 27, 2015 - Industry News

Firm Suing TrueCar Adds to Litigation Team

Bellavia Blatt & Crossett has added Thomas Williams, Esq., to its litigation team prosecuting TrueCar for false advertising.

Tags: Bellavia Blatt, false advertisements, haggle, lawsuit, Leonard Bellavia, TrueCar

April 22, 2015 - Industry News

GWC Warranty VSCs Now Available in All 50 States

After receiving regulatory approval in Alaska, the F&I product provider announced that it's now able to operate in all 50 states.

Tags: F&I manager, F&I Managers, F&I menus, F&I products, GWC Warranty Corporation, Vehicle Service Contracts

April 21, 2015 - Industry News

Hudson Cook Adds Partner to N.Y. Office

Hudson Cook LLP has added Trisha Cacciola as a partner in its Long Island, N.Y. office.

Tags: hiring, Hudson Cook LLP, Tom Hudson

April 21, 2015 - Industry News

Dealer Fined $50K for Deceptive Ads Targeting Military

A Tennessee dealership accused of using deceptive advertising to target service members will be required to pay a $50,000 fine and change its advertising practices.

Tags: attorney general, consumer protection, Deceptive Advertising, military loans

April 16, 2015 - Industry News

Second Bill Aimed at Reining in the CFPB Passes House by 401-2 Vote

Sen. Elizabeth Warren (D-Mass.) has called on Congress to impose further reforms on the financial sector that go beyond the Dodd-Frank Act.

Three days after a bipartisan bill aimed at repealing the CFPB’s March 2013 dealer participation guidance was introduced, the House passed a second bill that would open the bureau’s committee meetings to Congress and the public.

Tags: auto lending, auto loans, CFPB, Congress, Consumer Financial Protection Bureau, Dodd-Frank Act, legislation, NADA, National Automobile Dealers Association

April 14, 2015 - Industry News

CFPB Faces Mounting Criticism, New Bipartisan Bill

On the same day The Wall Street Journal published an op-ed piece critical of the CFPB’s targeting of the indirect auto finance channel, a bipartisan bill was introduced that aims to repeal the bureau’s guidance on dealer participation.

Tags: Ally Financial, CFPB, Congress, Consumer Financial Protection Bureau, Department of Justice, Indirect Lending, legislation, Richard Cordray

April 14, 2015 - Industry News

NIADA Effort to Halt Oregon BHPH Bill Succeeds

A bill aimed at restricting the practices of buy-here, pay-here dealers in Oregon is off the legislative agenda following an effort by the NIADA to educate lawmakers about the legislation’s potential harmful effects on consumers.

Tags: bhph, bhph dealers, BHPH legislation, buy-here, National Independent Automobile Dealers Associatio, NIADA, pay-here

April 14, 2015 - Industry News

‘Is It Compliant?’ to Cap Midwest Compliance Summit

Organizers of Compliance Summit have announced that the event will conclude with “Is It Compliant?”, an open-forum discussion of the topics raised in the course of the conference.

Tags: Compliance Summit, David Gesualdo, David Robertson, James Ganther, Michael Tuno, Terry O'Loughlin

April 8, 2015 - Industry News

NIADA Takes on Oregon BHPH Legislation

The NIADA, its newly-formed BHPH Commission and Oregon’s independent dealer association are tackling legislation the industry believes could damage the ability of high-risk consumers to purchase cars in the state.

Tags: BHPH Bills, bhph dealers, BHPH legislation, legislation, National Independent Automobile Dealers Associatio, NIADA

April 7, 2015 - Industry News

Ohio AG Sues Used-Car Dealership

Ohio Attorney General Mike DeWine has filed a lawsuit against a used-car dealership and its owner. The now-closed business has received approximately 30 consumer complaints, mostly related to vehicle title issues.

Tags: attorney general, compliance, lawsuit, Mike DeWine, vehicle title

April 7, 2015 - Industry News

CATA’s Sloan Joins Midwest Compliance Summit

Dave Sloan, president of the Chicago Auto Trade Association (CATA), has agreed to serve as luncheon speaker for the Midwest Compliance Summit, to be held this month.

Tags: Chicago, compliance, Compliance Summit, David Gesualdo

April 7, 2015 - Industry News

AFIP’s Robertson Joins Midwest Compliance Summit

Organizers of Compliance Summit have announced that David Robertson, executive director of the Association of Finance & Insurance Professionals, will speak at the Midwest event this month.

Tags: AFIP, compliance, Compliance Summit, David Robertson

April 2, 2015 - Industry News

N.C. Dealer Hit With Third Sex Charge in Two Months

A used-car dealer was arrested this week for allegedly trading repairs on a Dodge Magnum for a sexual act. He was already facing charges stemming for two other incidents, including kidnapping and sexual battery.

Tags: compliance, used-car dealer

April 2, 2015 - Industry News

Buffett Won’t Steer F&I, Defends Franchise Model

The Billionaire investor weighs in on a host of topics, from Tesla and the franchise system to his acquisition of the Van Tuyl Group and the opportunities that lie in F&I.

Tags: Automotive Forum, Berkshire Hathaway Automotive, J.D. Power and Associates, NADA, Van Tuyl Group, Warren Buffet

April 2, 2015 - Industry News

NYC Seeks to Remove Dealers from Subprime Auto Finance

DCA Commissioner Julie Menin testified before the New York City Council Committee on Consumer Affairs last October that dealer markups should be capped or eliminated in New York.

The New York City Department of Consumer Affairs announced a new car loan initiative this month, which would direct subprime car buyers away from dealership financing to loans provided directly by banks and credit unions.

Tags: compliance, markups, Rate Markup, subprime

April 1, 2015 - Industry News

Agency Head to Tackle 'Your Responsibilities' at Compliance Summit

Michael Tuno of World Class Dealer Services will provide a regulatory update as well as some practical takeaways attendees of Compliance Summit can easily employ at their stores.

Tags: Compliance Summit, Michael Tuno, World Class Dealer Services

March 31, 2015 - Industry News

SMART Payment Plan Appoints Compliance Officer

Jackson Bigham has been named chief compliance officer of SMART Payment Plan. In that role, he will be responsible for managing SMART’s state and federal regulatory compliance and regulatory reporting.

Tags: compliance, employment, hiring, SMART Payment Plan

March 26, 2015 - Industry News

FTC Announces Multi-Agency Crackdown on Dealership Fraud

The FTC's enforcement sweep, which resulted in six new cases and $2.6 million in monetary judgements, marks the first time the agency has targeted add-on products and services.

Tags: advertising, automobiles, bureau of consumer protection, consumer protection, Dealership Fraud, Federal Trade Commission, marketing

« Previous12345678910...1819Next »