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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-lendingCiting 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-findsSonic 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-pushA CFPB official disclosed in a June 15 blog post that the administrator of the Ally settlement fund has begun contacting and mailing checks to borrowers who...
https://www.autodealertodaymagazine.com/321748/cfpb-consumers-will-soon-receive-ally-payoutAfter three months with no response, Attorney General Eric T. Schneiderman has filed a motion to force a New York dealer group to comply with a subpoena...
https://www.autodealertodaymagazine.com/321721/n-y-ag-goes-after-dealer-for-payment-packingThe enforcement division of the Texas DMV has closed its case against CarGurus after the vehicle-shopping site made revisions to its used-car...
https://www.autodealertodaymagazine.com/321663/texas-dmv-closes-case-against-cargurusThe Texas Department of Motor Vehicles Enforcement Division has pulled back on its plan to fine dealers with listings on CarGurus.com after the department...
https://www.autodealertodaymagazine.com/321640/texas-dmv-halts-plan-to-fine-dealers-with-cargurus-listingsCredit unions are competing aggressively in the automotive marketplace, financing one in four auto loans so far in 2015, CU Direct reports.
https://www.autodealertodaymagazine.com/321636/credit-unions-now-third-largest-auto-lender-type-cudl-reportsThe tablet-driven, fixed-price F&I process at Asbury’s Q Auto stores didn’t perform as well as the traditional F&I process employed at the group's core...
https://www.autodealertodaymagazine.com/321625/asburys-q-auto-stores-a-work-in-progressCFPB Director Richard Cordray fielded questions about dealer compliance programs and a recent study calling out the bureau’s methods for determining...
https://www.autodealertodaymagazine.com/321540/cordray-cfpb-disagrees-with-conclusions-of-cra-study