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NewsMarch 25, 2014

Arizona Lawmakers Back Bill to Allow Tesla Sales

Arizona lawmakers are pushing for a bill that would give Tesla the right to sell directly to consumers. The state is currently wooing the electric carmaker into building its battery production center in the state.

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NewsMarch 25, 2014

Industry Summit Adds Dealership Sales & Technology Track

Dealership Sales & Technology joins the F&I, Special Finance and P&A Leadership tracks for the annual event, which will be held Sept. 8–10 at Paris Las Vegas.

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NewsMarch 25, 2014

N.Y. Attorney General Settles With 6 Dealers for Deceptive Ads

As part of the settlement, the six dealerships must reform their advertising practices and pay fines of up to $15,000. A seventh dealer was served with a statutory notice of the attorney general’s intention to file a lawsuit.

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NewsMarch 25, 2014

Toyota to Pay $1.2 Billion for Acceleration Issues

Toyota will pay a $1.2 billion financial penalty — the largest penalty ever imposed on an automotive company — for concealing and making deceptive statements about two safety issues affecting its vehicles in 2009, the U.S. Department of Justice announced last week.

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NewsMarch 21, 2014

Auto Dealer TV Debuts

Catch the first episode of Auto Dealer TV, brought to you by Auto Dealer Monthly and F&I and Showroom magazine.

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Newsby Brittany-Marie SwansonMarch 20, 2014

Evergreen Bank Moves to Flat Fees Due to Regulatory Pressures

Earlier this month, Evergreen Bank Group issued a statement about its decision to move to a flat fee pricing model. The move was in response to a low FDIC rating and alleged violations of the ECOA.

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Newsby Brittany-Marie SwansonMarch 20, 2014

CFPB is ‘Least Accountable’ Federal Agency, Lawmaker Charges

Rep. Jeb Hensarling, on behalf of the House Financial Services Committee, released a video Monday calling on the CFPB to make its advisory council meetings open to the public.

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NewsMarch 18, 2014

FTC Charges Ark. Dealer With Not Displaying Buyers Guides

After being warned that it was failing to adhere to the FTC’s Used Car Rule, the Abernathy Motor Co. was charged with not displaying a Buyers Guide on used vehicles offered for sale. Each violation could result in a civil penalty of up to $16,000.

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Newsby Brittany-Marie SwansonMarch 13, 2014

CFPB Fills Key Posts

Jeffrey Langer will be stepping into Richard Hackett’s former role as assistant director of installment and liquidity lending markets for the bureau.

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NewsMarch 13, 2014

New Jersey Bans Tesla Sales

The New Jersey Motor Vehicle Commission voted unanimously to ban the direct sale of vehicles to consumers, effectively shutting down Tesla’s showrooms in the state.

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