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Compliance

NewsMay 15, 2014

Calif. Proposes Ban on the Sale of Unrepaired Recall Vehicles

Senate Bill 686 would make it illegal for used-car dealers and rental car companies to sell used cars with unrepaired recalls issues. Senator Hannah Beth Jackson held a press conference about the bill this week.

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NewsMay 15, 2014

Feds Sue Dealer Over 401(k) Plan

The U.S. Department of Labor has filed a lawsuit against a former dealer who refuses to administer the business’ 401(k) plan, leaving participants without access to their money.

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NewsMay 13, 2014

FTC Approves Deceptive Advertising Settlement

The FTC has approved final consent orders settling charges that Nissan North America Inc. and an advertising agency deceptively advertised a Nissan Frontier truck pushing a dune buggy up a steep hill, something the truck cannot do.

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NewsMay 13, 2014

Hudson Cook Partner Receives Lifetime Achievement Award

Anne P. Fortney, a partner in the firm’s Washington, D.C., office, was recognized by the American College of Consumer Financial Services Lawyers with the prestigious Senator William Proxmire Lifetime Achievement Award.

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Newsby Gregory ArroyoMay 13, 2014

UPDATED: FTC Probing Biweekly Payment Products, the NADA Warns

Biweekly payment providers continue to react to the memo the NADA issued last week. This week, Economic Advantages Corp. offers its take on the alert.

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NewsMay 8, 2014

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.

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NewsMay 6, 2014

N.Y. Dealer Charged With Stealing Sales Tax

The owner of a dealership in New York has been indicted for allegedly stealing more than $50,000 in sales tax on vehicles he sold. He pleaded not guilty to the charges.

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ArticlesMay 5, 2014

Thievery Loves Company

The magazine’s compliance expert delves into the motivations of wrongdoers and offers a reminder that no crime is insignificant.

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ArticlesCover Storyby Gregory ArroyoApril 29, 2014

Defending the CFPB

The editor goes one-on-one with the man who helped chart the CFPB’s course into the auto finance industry. Find out what the former regulator has to say about dealer participation and F&I product sales.

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NewsApril 28, 2014

Industry Summit Doubles Down on SF

Industry Summit 2014 will feature multiple education sessions dedicated to special finance and used-car retailing. Serving as master of ceremonies for those two tracks will be special finance guru Greg Goebel.

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