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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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Dealership CEO indicted for allegedly evading reporting requirements for cash deposits. The 26-count indictment could lead to a maximum penalty that includes decades in prison, plus a fine and possible penalties for his company.
Read More →Boasko's Rt 4 Automall LLC and Buyers Choice Cars are facing lawsuits after the Attorney General paid out more than $56,000 from a Title Defect Rescission fund to resolve consumer complaints against the dealerships.
Read More →The deadline to submit entries for the 2013 F&Idol contest is this Friday, August 9. On the line is $3,500 in cash, as well as a trip to Industry Summit 2013.
Read More →With the CFPB’s Rick Hackett headlining the agenda, the NAF Association broke a decade-old attendance record for its 17th annual Non-Prime Auto Finance Conference.
Read More →Your customer’s trade-in vehicle could provide all the evidence you need to show him or her the value of paintless dent removal. United Development Systems’ Gerry Gould explains in his latest F&I Tip of the Week.
Read More →With the six new additions, TrueCar’s dealer council now includes 20 members who operate 276 franchises in 19 states.
Read More →The 2013 chairman calls out the CFPB for not demonstrating that problems exist with dealer participation programs, and questions the bureau’s use of the disparate impact theory.
Read More →Thirteen Democrats in Congress sent a letter to the CFPB's Richard Cordray, asking for “any and all background information” on the bureau's investigations of auto finance.
Read More →The man behind the industry’s only sanctioning body for the F&I trade returns to offer his take on today’s regulatory environment.
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Now, more than ever, dealers are left with unanswered questions about finance reserve, discriminatory lending and other regulatory concerns. Two attorneys share their opinions on those topics with F&I and Showroom.
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