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Dealers must be careful they don’t run afoul of the law when it comes to such deceptive practices, as there are many cases pointing to the potential bad ends of such deals.
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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.
Read More →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.
Read More →The magazine’s compliance expert delves into the motivations of wrongdoers and offers a reminder that no crime is insignificant.
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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.
Read More →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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Chicago-based BMO Harris Bank issued a notice to its dealer customers this week, stating that it has eliminated dealer markups on indirect auto loans. The policy went into effect Thursday.
Read More →A former dealer pleaded guilty to charges that he obtained double financing on 13 vehicles, amounting to $166,000.
Read More →Last week, U.S. Senator Deb Fischer introduced two bills aimed at restructuring the Consumer Financial Protection Bureau. The bills would replace the CFPB’s director with a bipartisan commission and change the voting requirements for overturning regulations.
Read More →A bill that would allow Tesla to sell directly to consumers won’t be voted on during Arizona’s current legislative session, which ends this week.
Read More →Investigators issued nearly 100 citations and made several arrests during an operation aimed at thwarting unlicensed auto dealers who sell unsafe used vehicles.
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