By unanimous vote, the Federal Trade Commission approves final orders settling charges against two dealers for deceptive advertising.
Ally Financial’s quarterly report shows growth for the company and its network, but also reveals the impact of the company’s settlement with the CFPB and DOJ, as well as its ResCap bankruptcy plan.
Hyundai and Kia Motors have settled litigation with car owners affected by overstated fuel economy ratings on vehicles sold between 2011 and 2013. Affected consumers will be given an option to accept a single “lump sum” payment or take part in a lifetime reimbursement program the OEM created in late 2012.
The settlement is the department’s third largest fair lending agreement and largest ever auto lending agreement.
As part of their settlement with the FTC, two dealers from Maryland and Ohio are prohibited from advertising discounts or prices unless the ads clearly disclose any qualifications or restrictions.
Edmunds.com reached a settlement with Humankind Design Ltd., the online reputation management firm the site was suing for posting fraudulent reviews on behalf of 25 car dealers nationwide.
The Better Business Bureau suspends the group’s accreditation after it paid more than $500,000 to settle at least 25 lawsuits related to its F&I practices. The operation had an 'A+' rating before it lost its accredidation.
Since the end of 2012, Jeff Schmitt Auto Group has been sued by at least 25 people and has paid out hundreds of thousands of dollars to settle civil lawsuits related to deceptive practices and extra fees.
The legal battle between Clay Nissan and the brothers of a former cancer-stricken employee is over, ending the family’s 10-month campaign against the dealership for terminating their sister.
The former owner of a Montebello, Calif., dealership will receive $1.4 million despite unsuccessfully suiting the city twice over a 2009 land dispute.
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