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September 2, 2005 - Industry News

NAF Workshop to Provide Legal Update for Dealers

LINTHICUM, Md. -- The National Automotive Finance (NAF) Association's legal committee members will present a day's worth of legal updates aimed at helping dealerships and finance companies understand the regulatory and compliance issues that are increasingly part of their business transactions.

August 22, 2005 - Industry News

Investigation of Dealership Prompted by Customers' Complaints of Fraud

WHITTIER, Calif. – A Los Angeles-area dealership is being investigated by the state Department of Motor Vehicles for alleged credit application fraud, grand theft and conspiracy. According to a report in the Whittier Daily News, the case was prompted by complaints filed by three former customers.

August 16, 2005 - Industry News

Industry Praises Highway Legislation, End of Vicarious Liability

NEW YORK -- Various captive financing arms and vehicle associations, state and national, were in New York Aug. 10, in praise of President Bush and the U.S. Congress for the recently signed federal transportation bill, which, among other things, repealed vicarious liability.

August 16, 2005 - Industry News

Mitsubishi Salesmen on Trial for Fraud

NEW HAVEN, Conn. -- Four employees of Shoreline Mitsubishi in Branford, Conn., involved in a wire and mail fraud trial are accused of forging sales documents to make poor customers eligible for car loans and adding hundreds or thousands of dollars in hidden fees to boost profits and commissions, reported The Associated Press.

August 4, 2005 - Industry News

Auto Loans Were Falsified: FBI Affidavit

CHARLOTTE, N.C. -- Employees of a longtime area auto dealer have been accused of falsifying loans for more than five years.