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CFPB Director Richard Cordray was met with hostility on Tuesday during the bureau’s semi-annual report to Congress. The hearing took place a day before a...
https://www.autodealertodaymagazine.com/321941/cfpb-accused-of-using-junk-science-to-regulate-auto-lending
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...
https://www.autodealertodaymagazine.com/321932/fifth-third-bank-to-cap-dealer-markups
A woman who says she was duped into purchasing “void and worthless” GAP coverage has filed a class action suit against the finance source on behalf of...
https://www.autodealertodaymagazine.com/321929/santander-faces-class-action-over-worthless-gap-coverageCiting the doctrine of joint venture, the Colorado Court of Appeals ruled last week that a dealership will be held liable for damages caused by a customer...
https://www.autodealertodaymagazine.com/321905/dealer-liable-for-test-drive-accident-appeals-court-finds
John Krafcik is stepping down this week as president of TrueCar to take on a new role as CEO of the autonomous car division of Google.
https://www.autodealertodaymagazine.com/321900/truecar-president-to-lead-googles-self-driving-car-initiative
The California New Car Dealers Association has called on the California Department of Motor Vehicles to investigate Tesla Motors’ referral program, which...
https://www.autodealertodaymagazine.com/321878/cncda-says-teslas-referral-program-violates-bird-dogging-ban
Joe St. John may be the newest F&I trainer at Industry Summit, but he has a long history in the car business and some strong opinions about the future of...
https://www.autodealertodaymagazine.com/310704/lets-ask-joe
The CFPB has notified the Department of Justice that Santander Consumer USA’s auto lending practices have allegedly violated fair lending laws, according to...
https://www.autodealertodaymagazine.com/321845/cfpb-says-santander-violated-fair-lending-laws
TrueCar CEO Scott Painter has announced that he will vacate his post in the wake of second quarter losses of nearly $15 million.
https://www.autodealertodaymagazine.com/321839/truecars-painter-to-step-downSonic executives said the company is delaying plans to launch a captive finance company in light of the CFPB’s recent settlement with Honda Finance. But the...
https://www.autodealertodaymagazine.com/321802/sonic-cautious-about-cfpb-but-revs-up-hybrid-fi-push