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October 27, 2016 - Industry News

Florida Dealer Sues Competitor For Selling Vehicles With Takata Airbags

A Florida dealer who has ceased selling Takata airbag-equipped cars is now suing a competitor for failing to disclose to consumers that vehicles on his lot are equipped with the defective airbag.

Tags: dealer, Disclosures, Florida, Lawsuit, Takata

September 28, 2015 - Industry News

Santander Faces Class-Action Over ‘Worthless’ GAP Coverage

A woman who says she was duped into purchasing “void and worthless” GAP coverage has filed a class action suit against the finance source on behalf of Illinois customers who have signed similar contracts.

Tags: Disclosures, F&I products, GAP, Lawsuit, Santander Consumer USA, Truth in Lending Act

May 8, 2014 - Industry News

CFPB Proposes New Rule for Privacy Disclosures

The rule would allow finance sources that limit their consumer data-sharing and meet other requirements to post their annual privacy notices online rather than delivering them individually.

Tags: CFPB, Consumer Financial Protection Bureau, Disclosures, privacy policy, Richard Cordray

March 7, 2014 - Industry News

New Mexico Dealers Fight New Inspection Rule

The New Mexico’s attorney general is facing three separate lawsuits from state associations and individual dealers over a rule that requires inspections and damage disclosures for used vehicles.

Tags: Disclosures, lawsuits, New Mexico, used vehicles, Vehicle Inspection

May 7, 2013 - Industry News

CFPB Takes Aim at F&I Products

The Consumer Financial Protection Bureau is reportedly looking into the sale of F&I add-ons, a move that comes less than two months after the bureau said it would hold indirect auto lenders responsible for lending practices it considers discriminatory.

Tags: Brittany-Marie Swanson, CFPB, Disclosures, F&I, Lending, Products, subpoena, WSJ

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