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Compliance

NewsMarch 19, 2015

Calif. Dealer Association Unveils Details of Recall Bill

First introduced in February, the bill would increase disclosures, improve safety and provide additional cost protections for consumers who purchase or own used recalled vehicles, according to the California New Car Dealers Association.

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NewsMarch 19, 2015

CFPB to Allow Consumers to Voice Complaints Publicly

The CFPB is finalizing a policy that would allow consumers to publicly share their stories when they submit complaints to the bureau. The regulator is also seeking public comment on ways to highlight positive consumer experiences.

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NewsMarch 19, 2015

FBI Offers Reward for Fugitive Dealer

The FBI is offering $20,000 for the arrest of a New Jersey dealer who has reportedly fled the country after more than 75 people filed complaints against him.

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NewsMarch 19, 2015

Deceptive Practices Suit Against Pa. Dealer Dismissed

The Pennsylvania Superior Court has dismissed a lawsuit against a Porsche dealership that claimed the business violated consumer protection and unfair trade practice laws after it refused to reimburse a customer.

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NewsMarch 19, 2015

New Jersey Reverses Tesla Sales Ban

The electric car maker will now be able to open up to four direct-sale stores and at least one service center in the state.

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Newsby Brittany-Marie SwansonMarch 17, 2015

Cordray: CFPB Disagrees With Conclusions of CRA Study

CFPB Director Richard Cordray fielded questions about dealer compliance programs and a recent study calling out the bureau’s methods for determining discrimination during a semi-annual report to Congress earlier this month.

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NewsMarch 12, 2015

Midwest Compliance Summit Set for April

The next Compliance Summit event is set to be held April 20–21, 2015, in Illinois. The full day of educational sessions is open to automotive industry professionals involved in front-end compliance.

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NewsMarch 12, 2015

Former Dealership Office Manager Sentenced to Prison

The former office manager of a Pennsylvania dealership was sentenced to three and a half years in federal prison for stealing nearly $700,000 from the business.

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NewsMarch 12, 2015

Santander’s Capital Plans Don’t Hold Up to Fed Review

The Federal Reserve has objected to Santander Holdings USA’s capital plans due to widespread deficiencies in governance, internal controls, risk identification and management, as well as other key areas.

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Newsby Brittany-Marie SwansonMarch 11, 2015

TrueCar Responds to Claims in Mass Action Lawsuit

The lead provider calls Bellavia Blatt & Crossett’s mass action suit challenging its business practices “meritless.”

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