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Virginia Dealer Board Says TrueCar Violates Licensing Laws

The Virginia motor vehicle dealer board ruled yesterday that TrueCar’s business model is in violation of the state’s dealer licensing laws, which prohibit third-party services from acting on behalf of the dealer in the sale of a motor vehicle.

January 10, 2012

Calif. Legislators Seek New Rules for BHPH

California State Assembly Member Mike Feuer (D–Los Angeles) and State Sen. Ted W. Lieu (D–Torrance) have proposed legislation that would introduce new rules designed to “rein in abusive practices” of buy here, pay here dealers statewide.

January 10, 2012

Colorado Puts the Brakes on TrueCar

After hitting an impasse with auto industry skeptics, TrueCar is facing another setback. The embattled company and its dealers were notified by the Colorado Department of Revenue that they could be in violation of five of the state’s advertising rules.

December 20, 2011

Obama Nominates Former Ohio AG to Lead New Bureau

President Obama nominated former Ohio Attorney General Richard Cordray to serve as the director of the new Consumer Financial Protection Bureau (CFPB) agency. Cordray has served as head of the CFPB’s enforcement division for the last six months.

July 19, 2011

Missouri Gov. Signs Service Contract Law

Aimed at telemarketers of vehicle service contracts, Senate Bill 132 was signed into law last week and will provide further oversight on service contract sales in Missouri.

July 12, 2011

Texas Bill Moves State to Electronics Lien and Titling

Under the new bill, the Texas Department of Motor Vehicles will join states like Arizona and California in transitioning to electronic lien and titling. The move is expected to reduce costs and eliminate the state’s exposure to fraud.

July 12, 2011

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