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Compliance

NewsJuly 3, 2014

BBB Warns Consumers of Fake Dealership

Customers reported that they found listings for the dealership on Cars.com, but the dealer was using a fake address.

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NewsJuly 3, 2014

Tesla to Expand in Pennsylvania

The Pennsylvania House passed legislation this week that will allow the automaker to have as many as five stores in the state.

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NewsJuly 1, 2014

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.

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Newsby Brittany-Marie SwansonJune 26, 2014

11 Consumer Groups Ask FTC to Crack Down on CarMax

A coalition of consumer-protection groups asked the FTC to investigate CarMax for selling recalled vehicles. CarMax officials claim the chain is doing the best it can with a broken system.

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NewsJune 26, 2014

Dealer Pleads Guilty to Not Reporting Taxes

A Virginia independent dealer is facing three years in prison after being found guilty of not reporting income between 2007 and 2010. Sentencing takes place in September.

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Newsby Brittany-Marie SwansonJune 19, 2014

CFPB to Release White Paper on Proxy Methodology

During the CFPB’s semi-annual report to the House Financial Services Committee, Director Richard Cordray said the agency will be releasing a white paper on the methodology it uses to determine the presence of discrimination in auto loans.

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Newsby Brittany-Marie SwansonJune 19, 2014

Tesla Makes Strides on East Coast

This week, New York Governor Cuomo signed a pro-Tesla bill into law. The New Jersey Assembly also voted to allow manufacturers to directly sell zero-emissions vehicles to consumers.

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NewsJune 19, 2014

Dealerships to Pay $175K For Deceptive Ads

Four affiliated dealerships in western Massachusetts have agreed to pay $175,000 over six months to resolve allegations that they regularly published misleading advertising and failed to follow through on sales prices and promotions.

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NewsJune 12, 2014

House Committee Votes to Repeal CFPB Auto Lending Guidance

The House Financial Services Committee passed a bill this week that would bring more transparency to the CFPB’s guidance-making process. If approved by Congress, it would effectively repeal the bulletin the bureau issued last year on indirect auto lending.

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NewsJune 12, 2014

Dealer Charged With Abandoning Burning Lamborghini

Police identified the man who abandoned a burning 2008 Lamborghini Murcielago on the New Jersey Turnpike as the CEO and president of an auto group.

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