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Newsby Gregory ArroyoFebruary 2, 2017

Senate Republicans Introduce CFPB-Restructuring Bill

Senate Republicans have reintroduced legislation aimed at replacing the CFPB’s single-director structure with a five-member bipartisan board. The bill was unveiled as Congressional Democrats and state regulators pledged to defend Director Richard Cordray and his agency.

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NewsFebruary 1, 2017

VW Settles Civil Claims for 3.0L Diesels

Volkswagen has agreed to pay $1.2 billion to buyers of vehicles powered by its emissions-violating 3.0L V-6 diesel engine as part of a settlement that still requires approval from the U.S. Federal Trade Commission and a federal judge.

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NewsJanuary 31, 2017

EFG Companies: F&I Industry Faces Murky 2017

The expected regulatory rollback, plateauing sales, rising interest rates, and the push to change the in-dealership experience clouds the F&I industry’s future, EFG Companies said today. Four of the firm's executives offered their predictions for 2017.

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NewsJanuary 30, 2017

NADA Chairman: Hope for the Best, Prepare for the Worst

Jeff Carson likened his year as chairman of the NADA to piloting a plane during a ‘catastrophic electrical failure,” noting that he experienced situations where he started out on what seemed a routine path only to have outside events toss his flight plan out the window.

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NewsJanuary 30, 2017

The Work Number Connects With Digital Matrix Systems

Digital Matrix Systems has added Equifax Workforce Solutions' income and employment verification service.

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NewsJanuary 27, 2017

Industry Summit 2017: Big Value in Big D

Industry Summit moves to Dallas in September for its biggest annual event yet. It is scheduled for Sept. 11–14, 2017, at the Gaylord Texan in Grapevine, Texas.

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NewsJanuary 24, 2017

Court Approves Volkswagen’s $1.6B Dealer Settlement

A federal judge on Monday granted final approval to Volkswagen AG’s $1.67 billion settlement with 652 VW-branded franchised dealers in connection with the automaker’s diesel emissions scandal.

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NewsJanuary 23, 2017

gvo3, DSGSS Collaborate on New Front-End Compliance Platform

Compliance firms gvo3 & Associates (gvo3) and Dealer Safeguard Solutions (DSGSS) have teamed up on a comprehensive front-end compliance platform that incorporates education, certification, execution, inspection and remediation.

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NewsJanuary 19, 2017

House Republicans Allege CFPB Director Violated U.S. Law in New Report

A new report released by Republican members of the House Financial Services Committee charges CFPB Director Richard Cordray with violating federal law when the regulator published its Larger Participant Rule in June 2015.

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NewsJanuary 19, 2017

Compliance Summit Returns to Texas in September

Held alongside Industry Summit for the second consecutive year, Compliance Summit will include one full day of compliance education for dealers, managers, and sales and F&I professionals. An onsite certification courtesy of Automotive Compliance Education (ACE) will be available to all attendees the following day.

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