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Digitalby StaffNovember 19, 2013

TrueCar Ranks Among Fastest Growing Tech Companies

TrueCar ranked 154th on Deloitte’s Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.

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Digitalby StaffNovember 19, 2013

Facebook Hires New Auto Sales Team Member

Michelle Morris has joined the social media giant as vertical lead for the auto segment. In her new role, Morris will work with auto manufacturers to build their brands.

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Digitalby StaffNovember 19, 2013

Dealer Referral Network Launches National Campaign

EZ Referral Network kicked off its national campaign to promote its mobile-friendly referral solution. It doubles as an employee-referral tool and a customer loyalty solution.

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Digitalby StaffNovember 19, 2013

New Payment Tool Designed to Streamline Service Transactions

SwervePay Auto’s new cloud-based solution is designed to eliminate ‘phone tag’ delays between service departments and their customers.

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Complianceby Brittany-Marie SwansonNovember 14, 2013

Disparate Impact Challenge Ends in Settlement on Eve of CFPB Forum

On the eve of the CFPB’s first public forum on auto lending, a town council in New Jersey unanimously votes to settle a lawsuit centered on the disparate impact theory.

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F&Iby StaffNovember 14, 2013

Trade Group Commissions Study to Address CFPB's Fair Lending Concerns

The American Financial Services Association is commissioning a study to address the CFPB’s concerns for discrimination related to rate participation programs. It will also provide a cost-benefit analysis of alternative dealer compensation models.

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F&Iby StaffNovember 14, 2013

US Equity Advantage Hires Regional Account Manager

Automotive retail and F&I expert James Trueman joins the company as a regional account manager for the Northeast region.

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F&Iby StaffNovember 14, 2013

Auto Loan Balances at All-Time High, Experian Automotive Reports

In the third quarter, outstanding balances on automotive loans reached $782.9 billion, up $103 billion from the third quarter 2012.

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Complianceby StaffNovember 14, 2013

Chicago Dealer Accused of Hiring Hit Man to Kill Fraud Witness

A Chicago car dealer allegedly schemed to have his uncle, who was a witness in a federal fraud case, killed. The dealer offered $10,000 to an undercover agent posing as a hit man, according to the Chicago Sun-Times.

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Complianceby StaffNovember 14, 2013

N.Y. Regulator Reaches $135K Settlement With Dealer

The dealership will pay more than $86,000 to customers who were charged a bogus administrative fee when purchasing a used vehicle, in addition to $50,000 in penalties to the state.

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