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Line 1 Is Not a Junk Drawer
Rolling products into the cash price — even if the bank told you to — misrepresents the vehicle’s value and runs afoul of four federal laws.
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F&I Showroom Magazine
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SEARCHMENUSEARCHRolling products into the cash price — even if the bank told you to — misrepresents the vehicle’s value and runs afoul of four federal laws.
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Attorney General Dustin McDaniel of Arkansas is suing a used-car dealer for allegedly failing to provide clear titles to customers.
Read More →On Wednesday, the CFPB released preliminary research on the use of arbitration clauses in connection with consumer financial products and services. While auto was excluded from the review, the report’s findings make similar provisions used in auto transactions look ‘consumer-friendly by comparison,’ says legal insider.
Read More →A new report shows financial institutions aren’t the only ones calling for more transparency from the CFPB. Consumers are also asking the bureau to be more more open about its activities.
Read More →An Ohio woman is accused of stealing $100,000 from her former employer, Voss Auto Network.
Read More →A Pennsylvania-based auto dealer was charged with providing financing without a license and selling a salvaged vehicle without performing a safety inspection or acquiring the correct title.
Read More →The legislation would repeal an outdated mandate that requires dealers certify that vehicles comply with the Clean Air Act.
Read More →The Columbus Dispatch reports that Ohio legislators dropped an amendment that would ban Tesla from owning an auto dealership in the state.
Read More →A Michigan dealer was arrested Dec. 3 after authorities checked several vehicles on his lot and discovered mileage discrepancies. Police said it appeared the dealer had installed used, low-mileage odometers in high-mileage cars.
Read More →At the FTC’s request, a Canadian telemarketer was ordered by the court to pay more than $5.1 million to victims of a car-buying scam committed on sites like eBay and Craigslist.
Read More →In response to the CFPB’s activities this year, the trade group has launched a new certification program for auto finance sources. The program was developed by Hudson Cook LLP.
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