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Compliance•by Staff•March 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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Compliance•by Staff•March 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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Auto Finance•by Staff•March 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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Digital•by Staff•March 12, 2015

Manheim, Partners File MPS-Related Request With DOJ

Manheim and a number of industry partners have filed a request with the Department of Justice to determine whether the industry’s proposed multi-platform system is in compliance with antitrust laws.

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Digital•by Staff•March 11, 2015

Google Makes Mobile-Friendly Tweak to Search Algorithm

Starting April 21, mobile-friendly websites will be given more prominence in Google search results, the company announced last month.

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Compliance•by Brittany-Marie Swanson•March 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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F&I•by Staff•March 11, 2015

Voting for 2015 Dealers’ Choice Awards to Open March 16

Voting for Auto Dealer Monthly’s 2015 Dealers’ Choice Awards will open Monday, March 16. The awards recognize the industry’s leading third-party vendors, suppliers and finance companies.

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Compliance•by Staff•March 11, 2015

Arbitration Clauses Limit Consumer Relief, CFPB Says

In a report released this week, the regulator revealed that 75% of consumers did not know whether they were subject to an arbitration clause in their agreements with their financial service providers. The study covered six different consumer finance markets, including auto loans.

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Digital•by Staff•March 10, 2015

ADESA Marketplace App Released For Android

ADESA’s Marketplace mobile app is now available for Android users after being exclusive to iOS since last September, the auction company announced.

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Auto Finance•by Gregory Arroyo•March 10, 2015

Wells Fargo: Subprime Cap Part of ‘Ongoing Risk Management’

The bank’s dealer services division responds to the reported cap the finance source has placed on subprime auto originations.

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