Dealer Advice Following Court Action Against CFPB

Automotive Compliance Consultants urges dealers to stay vigilant despite action against CFPB CRYSTAL LAKE, Ill. — Automotive Compliance Consultants advised dealerships to remain vigilant and attentive to consumer business practices even though the U.S. Court of Appeals recently ruled the...

Continue reading →

Wells Fargo Dealer Services to Pay $4.1 million for SCRA Violations

Wells Fargo Dealer Services to Pay $4.1 million for SCRA Violations Wells Fargo Dealer Services has agreed to pay more than $1.4 million to settle charges that it violated the Service members Civil Relief Act (SCRA) when it repossessed...

Continue reading →

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...

Continue reading →

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...

Continue reading →

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...

Continue reading →

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...

Continue reading →

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.,...

Continue reading →

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...

Continue reading →

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...

Continue reading →

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

Continue reading →