August Consumer Bankruptcy Filings Higher

August consumer bankruptcy filings inch higher ALEXANDRIA, Va. — As U.S. commercial bankruptcy filings continue to surge higher, the American Bankruptcy Institute noticed an uptick in consumer filings in August, too. According to data provided by Epiq Systems, total bankruptcy...

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VW Settlement How It Looks In The Us

What the average VW settlement looks like across US CARY, N.C. — After crunching the numbers on more than 2,000 Volkswagen and Audi models eligible for the VW Dieselgate settlement, online auto marketplace Instamotor found that the average age for...

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Toyota Earns Top Spot in Customer Experience Study

Toyota Earns Top Spot in Customer Experience Study - Top News - Internet Department - Top News - F&I and Showroom// // WABAN, Mass. — After asking 10,000 U.S. consumers about their dealership experience, the Temkin Group found that...

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Fla. Dealer is NIADA’s 2016 National Quality Dealer of Year

Fla. operator is NIADA’s 2016 National Quality Dealer of Year LAS VEGAS — As NIADA installed a South Carolina operator as its newest president, Scott Lanier, owner of Credit Cars in Orlando, Fla., was selected as the 2016 National Quality...

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CFPB orders Colo. BHPH dealer to pay $700K in restitution

WASHINGTON, D.C. — For the second time in two months, the Consumer Financial Protection Bureau took out an enforcement action in the buy-here, pay-here industry. On Thursday, the enforcement came against Herbies Auto Sales, an operator in Greeley, Colo.,...

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Latest Used Car News

Ohio Dealers Settle FTC's Deceptive Advertising Charges The FTC announced this week that it has reached an agreement with two Ohio dealers to settle charges that their lease advertisements violated the FTC Act and the Consumer Leasing Act's Regulation...

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Recall Prompts Hyundai to Extend Warranty

Recall Prompts Hyundai to Extend Warranty Hyundai Motor America is recalling 470,000 model year 2011-12 Sonata vehicles manufactured Dec. 11, 2009 to April 12, 2012 at Hyundai Motor Manufacturing Alabama and equipped with either a 2.0-liter or 2.4-liter gasoline direct...

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Fifth Third Bank to Cap Dealer Markups

Fifth Third Bank to Cap Dealer Markups The CFPB and DOJ announced two actions against Fifth Third Bank on Monday, one of which requires the finance source to pay $18 million in restitution to minority auto loan borrowers, as...

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CFPB Says Santander Violated Fair Lending Laws

CFPB Says Santander Violated Fair Lending Laws The CFPB has notified the Department of Justice that Santander Consumer USA's auto lending practices have allegedly violated fair lending laws, according to a regulatory filing.   Read more here

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TrueCar Says, FTC closes antitrust case against dealers

  FTC Closes Antitrust Case Against Dealers, TrueCar Says In a regulatory filing this week, TrueCar said it considers a federal antitrust case against dealers to be closed. The FTC was looking into whether dealers refusing to do business with...

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