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June 3, 2015 - Industry News

Dealer Wins Federal Birth Control Lawsuit

A U.S. District Court has ruled that, because of his religious beliefs, Joseph B. Holland, Jr. does not have to offer coverage of the morning after pill to employees of Joe Holland Chevrolet.

Tags: Barack Obama, birth control, Lawsuit, Obama administration, the morning after pill

February 24, 2015 - Industry News

President Once Again Takes Aim at Reinsurers

For the sixth time, President Barack Obama has included language in his annual budget that would end some of the tax benefits enjoyed by reinsurers. Market insiders don’t believe it will gain support from the Republican-controlled Congress.

Tags: Barack Obama, budget, Jim Smith, Obama administration, President, President Obama, reinsurance, SouthwestRe

January 13, 2015 - Industry News

Ally to Make FICO Scores Available to Customers

Ally Financial Inc. will begin piloting in February a new program designed to provide customers with free access to their FICO score. The company expects to fully launch the new service this summer.

Tags: Ally Financial, Credit, FICO, Obama administration

December 11, 2014 - Industry News

Minn. Dealer Wins Affordable Care Act Challenge

Based on a ruling in the Supreme Court case Burwell v. Hobby Lobby, a Minnesota district court granted Hastings Automotive owner exemption from the Affordable Care Act's contraceptive coverage mandate.

Tags: employees, healthcare reform, Obama administration, the morning after pill, U.S. District Court

July 1, 2014 - Industry News

Kansas City Dealer to Seek Permanent ACA Exemption

Following Monday's Supreme Court ruling in favor of Hobby Lobby, the owner of Randy Reed Automotive will seek a permanent injunction exempting him from providing insurance coverage for the 'morning after' pill.

Tags: Lawsuit, Obama administration, the morning after pill

March 27, 2014 - Industry News

Minn. Dealer Granted Temporary Exemption from ACA’s Contraception Mandate

Minnesota’s Hastings Automotive Inc. and Hastings Chrysler Center were granted a temporary exemption from the contraception mandate in the Affordable Care Act until the U.S. Supreme Court rules on the Hobby Lobby case.

Tags: Obama administration, the morning after pill

April 12, 2012 - Industry News

Fuel Economy Rules Cut 7 Million Buyers Out of Market, NADA Says

The National Automobile Dealers Association (NADA) released a study today showing that higher vehicle prices resulting from proposed fuel economy rules will cut millions of potential new-car buyers out of the market in 2025.

Tags: EPA, Fuel Economy, MY2012-2025, Obama administration

February 28, 2012 - Industry News

Obama Unveils Online Bill of Rights

The Obama Administration unveiled a proposed “Consumer Privacy Bill of Rights” in a federal report last Thursday. It's part of a blueprint to ramp up consumer privacy protections on the internet, but it could also add additional requirements for dealers when it comes to protecting customer data.

Tags: data protection, dealership management system, legislation, Obama administration, TrueCar

January 5, 2012 - Industry News

Obama Appoints Cordray as CFPB Director

President Obama appointed Richard Cordray as director of the Consumer Financial Protection Bureau yesterday.

Tags: CFPB, compliance, Consumer Financial Protection Bureau, Obama administration

July 19, 2011 - Industry News

Obama Nominates Former Ohio AG to Lead New Bureau

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 20, 2010 - Industry News

Audit Criticizes Task Force, OEMs for Dealer Terminations

An audit prepared by a watchdog agency says last year’s decision by General Motors Co., Chrysler LLC and the Obama administration’s Auto Task Force to terminate franchise agreements with hundreds of dealers was made in haste.

Tags: Chrysler, dealer, General Motors, Obama administration, Treasury Department

September 15, 2009 - Industry News

AFSA Opposes Obama's Proposal for New Federal Agency

President Barack Obama addressed Wall Street’s financial firms Monday to promote his agenda for financial regulatory reform, which includes expanding the authority of the Federal Reserve and creating the Consumer Financial Protection Agency (CFPA). But at least one association representing the financial services industry is balking at his proposals.

Tags: AFSA, financial reform, financial regulation, Obama administration

May 27, 2009 - Industry News

GM Exchange Offers for Outstanding Public Debt Expire

General Motors Corp. moved closer to bankruptcy today after it announced the failed deal with its bondholders to exchange their debt for equity in the company.

Tags: General Motors, Obama administration

May 4, 2009 - Industry News

Expansion of SBA Program Is Good News for Floorplan Financing

John McEleney, chairman of the National Automobile Dealers Association, announced his support last week for recent changes to SBA 7(a), a Small Business Administration loan-guarantee program.

Tags: Floorplan Financing, John McEleney, NADA, Obama administration, Small Business Administration

April 9, 2009 - Industry News

NADA Urges Obama Administration to Increase <br/> Auto Credit Flow to Consumers and Dealers

The Chairman of the National Automobile Dealers Association (NADA) acknowledged President Obama’s commitment to helping the domestic auto industry, but urged his administration to focus on correcting the dysfunctional credit markets.

Tags: Consumer Credit, Floorplan Financing, NADA, Obama administration

March 9, 2009 - Industry News

Dealer Associations Urge Obama to Stimulate Market for Inventory and Retail Financing

Three associations — the National Auto Dealers Association (NADA), the American International Auto Dealers Association and the National Association of Minority Auto Dealers (NAMAD) — sent a joint letter to President Barack Obama last week urging him to revitalize the market for vehicle inventory and retail auto financing.

Tags: John McEleney, NADA, Obama administration, TALF

January 27, 2009 - Industry News

NADA Chairman Says Next Two Months are Critical to Industry&#39;s Future

With 2009 expected to be one of the toughest years yet for auto retailing, the incoming chairman of the National Automobile Dealers Association issued a call-to-action Monday.

Tags: Chrysler, General Motors, John McEleney, NADA, Obama administration

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