Categories: Auto Finance, Compliance, Dealer Ops, F&I

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

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Cox Automotive Releases Compliance Guide

Categories: Auto Finance, Compliance, Dealer Ops, F&I

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

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Categories: Compliance, Dealer Ops, F&I

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-coverage

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The Future of Car Dealer Documents
The Real ID Deadline
State of the CARS Rule, Part 3
State of the CARS Rule, Part 2
California Dealers Sue Scout

Categories: Dealer Ops, F&I

Citing 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

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Back-Office Modernization
State of the CARS Rule, Part 3
The Real ID Deadline
State of the CARS Rule, Part 2
Denver Dealerships Absorbed by AutoNation

Categories: Dealer Ops, Digital

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

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Car Theft Rash Diminishes
Technician Training Must Be Ongoing
Tech Tool Identifies Undone Repairs
Sunny Side Up
New TSD RENTAL System Debuts

Categories: Dealer Ops, F&I

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

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Masters in Training
Trust Me … It’s all About Credibility
A Winning Sales Strategy
Five Cash Deals in a Row
Sunny Side Up

Categories: Auto Finance, Compliance, Dealer Ops

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

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Maximizing Revenue Potential

Categories: Dealer Ops, Digital

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-down

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Most Public Auto Groups Post Healthy First Half
Denver Dealerships Absorbed by AutoNation
Vehicles Recalled Over Air Bag Failures
Auto Recalls Down in Q2
Auto Dealership Buy-Sells Fall in Q1

Categories: Auto Finance, Compliance, Dealer Ops, Digital, F&I, Showroom, Training

Sonic 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

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Is the Death Knell Being Sounded for Dealer Financing?
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Leasing Normalizes, Partly Due to EV Transactions
Consumers Still in Sticker Shock

Categories: Auto Finance, Compliance, Dealer Ops, F&I

Just two weeks after American Banker reported that the CFPB was planning to cite three captive auto finance companies for policies that allegedly caused...

https://www.autodealertodaymagazine.com/321790/cfpb-doj-reach-24m-settlement-with-honda-finance

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