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Newsby Gregory ArroyoDecember 12, 2013

Report on CFPB Reveals Transparency Issues

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.

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NewsDecember 12, 2013

Former Accounting Manager Charged With Embezzling $100,000 From Ohio Dealer

An Ohio woman is accused of stealing $100,000 from her former employer, Voss Auto Network.

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NewsDecember 12, 2013

Dealer Faces Multiple Violations Related to Vehicle Sales

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.

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NewsDecember 12, 2013

Bill to Reduce Dealer Paperwork Advances in House

The legislation would repeal an outdated mandate that requires dealers certify that vehicles comply with the Clean Air Act.

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NewsDecember 5, 2013

Tesla’s Fight in Ohio to Continue

The Columbus Dispatch reports that Ohio legislators dropped an amendment that would ban Tesla from owning an auto dealership in the state.

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NewsDecember 5, 2013

Dealer Faces Eight Felony Counts of Odometer Fraud

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.

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NewsDecember 3, 2013

Telemarketer Ordered to Pay $5.1M to Victims of Car-Buying Scam

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.

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NewsNovember 21, 2013

NAF Association Launches Compliance Certification Program

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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NewsNovember 21, 2013

Automotive Compliance Consultants to Exhibit at NADA, AFSA Conventions

Automotive Compliance Consultants will exhibit its WICS methodology for ensuring auto retailer compliance at both the American Financial Services Association and the National Automobile Dealers Association conventions in New Orleans in January.

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Articlesby Gregory ArroyoNovember 19, 2013

Sizing Up the CFPB’s Threat

The F&I Conference’s compliance panel offered up more questions than answers, but participants made clear the industry’s newest regulator has plenty of tools at its disposal.

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