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July 30, 2015 - Industry News

House Committee Passes Bill to Repeal CFPB's Auto Lending Guidance

This week, a U.S. House committee passed H.R. 1737, a bipartisan bill that aims to repeal the Consumer Financial Protection Bureau’s 2013 guidance on dealer participation.

Tags: CFPB, Congress, Consumer Financial Protection Bureau, discrimination, legislation, NADA, National Automobile Dealers Association, Peter K. Welch

August 14, 2014 - Industry News

Industry Responds to New York Times Op-Ed on Subprime Auto Loans

Photo Credit: Scallop Holden via Compfight cc

Industry associations responded this week to a New York Times opinion piece claiming that subprime auto lending is a predatory practice that stands to go the way of subprime mortgages.

Tags: AFSA, American Financial Services Association, Auto Lending, Department of Justice, impact of the Great Recession, Investigation, mortgage, NADA, National Automobile Dealers Association, Peter K. Welch

June 17, 2014 - Industry News

NADA Launches Initiative to Promote Benefits of Franchised Dealers

The “Get the Facts” initiative provides online materials demonstrating the benefits of franchised dealerships, which the association is encouraging dealers to share on their own websites.

Tags: Franchised Dealerships, NADA, National Automobile Dealers Association, Peter K. Welch, Report

August 27, 2013 - Industry News

NADA Meets With GM Board of Directors

In response to an invitation from General Motors Co., the trade organization discussed several pressing industry and dealer issues with the automaker’s 14-member board of directors and management staff in Detroit this month.

Tags: David Westcott, General Motors, NADA, Peter K. Welch

May 23, 2013 - Industry News

NADA: Rental Car Bill Could Cause Headache for Dealers

The NADA’s Peter Welch warned lawmakers this week that a bill concerning rental car recalls could subject dealers to new federal inspections, reporting requirements and penalties.

Tags: legislation, NADA, Peter K. Welch, rental operation

January 10, 2013 - Industry News

NADA Selects New President

The national dealer trade group selected Peter K. Welch, president and CEO of the California New Car Dealers Association, as its new president.

Tags: 2013, California New Car Dealers Association, CNDA, NADA, Peter K. Welch, President

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