Major Developments Make NABD Orlando a Must Attend

Major Developments Make NABD Orlando a Must Attend By Nick Zulovich Senior Editor HOUSTON –  It was just a little more than four months ago that the National Alliance of Buy-Here, Pay-Here Dealers hosted its annual convention in Las Vegas. However, Ken Shilson emphasized that two ...
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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 leadership structure of the Consumer Financial ...
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How ‘Furnishers’ Can Avoid Trouble with the Feds

The Consumer Financial Protection Bureau is targeting violations of strict rules for so-called “furnishers,” including auto lenders, plus in many cases their vendors, and potentially some independent dealers and buy-here, pay-here dealers, assuming they all furnish consumers’ nonpublic personal information to credit reporting bureaus. For instance ...
Read More

NIADA announces 5 scholarship winners

NIADA announces 5 scholarship winners LAS VEGAS — The National Independent Automobile Dealers Association announced the recipients of the organization’s 2015 Scholarship Awards at the 69th Annual NIADA Convention and Expo at Caesars Palace in Las Vegas. The NIADA Foundation, each year, sponsors a student in ...
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Transporters Team Up

Transporters Team Up ShipCarsNow and Ready Auto Transport are joining forces to provide multi-modal transportation to vehicle shippers. This combination of truck and rail service will increase carrier capacity and create transportation efficiencies for U.S. Manheim auto auction customers and other wholesale vehicle shippers. You can ...
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FTC cracks down on dealer advertising

FTC Gets Tough On Car Dealer Scams – Southwest Florida … http://swflorida.blogspot.com/ Thu, 26 Mar 2015 14:19:27 -0700 For the first time since receiving expanded authority over auto dealers under the Dodd-Frank Act, the FTC has taken two auto enforcement actions involving add-ons, which is the ...
Read More

FBI Offers Reward for Fugitive Dealer

NEWARK, N.J. — The FBI is offering a reward of $20,000 for information leading to the arrest of a luxury car dealer accused of defrauding customers and lenders. More than 75 people have filed complaints against Afzal “Bobby” Khan, who has reportedly fled the country, the ...
Read More

Auto Finance Reaches All-Time High

https://www.youtube.com/watch?v=fgAEeKLNuig
The total outstanding balance on open automotive loans continued to rise in the fourth quarter of 2014, reaching an all-time high of $886 billion, according to Experian Automotive. According to its latest State of the Automotive Finance Market report, the volume of open loans increased across ...
Read More

State Indicts Dealer for Deceptive Practices

https://www.youtube.com/watch?v=fgAEeKLNuig
A South Dakota used-car dealer has been indicted on charges of engaging in deceptive business transactions surrounding the selling and buying of a vehicle. Joseph Matthew Stanford, owner of Moto Joes in Brandon, S.D., was indicted on one count of grand theft by deception, class 4 ...
Read More

Experian: Outstanding Balances Hit $886B

SCHAUMBURG, Ill. — Experian Automotive found that the total outstanding balance on open automotive loans hit an all-time high during the fourth quarter, but subprime contracts constituted a smaller part of the figure. That all-time high figure climbed to $886 billion.
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Major Developments Make NABD Orlando a Must Attend

Major Developments Make NABD Orlando a Must Attend By Nick Zulovich Senior Editor HOUSTON –  It was just a little more than four months ago that the National Alliance of Buy-Here, Pay-Here Dealers hosted its annual convention in Las Vegas. However, Ken Shilson emphasized that two ...

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 leadership structure of the Consumer Financial ...

How ‘Furnishers’ Can Avoid Trouble with the Feds

The Consumer Financial Protection Bureau is targeting violations of strict rules for so-called “furnishers,” including auto lenders, plus in many cases their vendors, and potentially some independent dealers and buy-here, pay-here dealers, assuming they all furnish consumers’ nonpublic personal information to credit reporting bureaus. For instance ...

NIADA announces 5 scholarship winners

NIADA announces 5 scholarship winners LAS VEGAS — The National Independent Automobile Dealers Association announced the recipients of the organization’s 2015 Scholarship Awards at the 69th Annual NIADA Convention and Expo at Caesars Palace in Las Vegas. The NIADA Foundation, each year, sponsors a student in ...

Transporters Team Up

Transporters Team Up ShipCarsNow and Ready Auto Transport are joining forces to provide multi-modal transportation to vehicle shippers. This combination of truck and rail service will increase carrier capacity and create transportation efficiencies for U.S. Manheim auto auction customers and other wholesale vehicle shippers. You can ...

FTC cracks down on dealer advertising

FTC Gets Tough On Car Dealer Scams – Southwest Florida … http://swflorida.blogspot.com/ Thu, 26 Mar 2015 14:19:27 -0700 For the first time since receiving expanded authority over auto dealers under the Dodd-Frank Act, the FTC has taken two auto enforcement actions involving add-ons, which is the ...

FBI Offers Reward for Fugitive Dealer

NEWARK, N.J. — The FBI is offering a reward of $20,000 for information leading to the arrest of a luxury car dealer accused of defrauding customers and lenders. More than 75 people have filed complaints against Afzal “Bobby” Khan, who has reportedly fled the country, the ...

Auto Finance Reaches All-Time High

The total outstanding balance on open automotive loans continued to rise in the fourth quarter of 2014, reaching an all-time high of $886 billion, according to Experian Automotive. According to its latest State of the Automotive Finance Market report, the volume of open loans increased across ...

State Indicts Dealer for Deceptive Practices

A South Dakota used-car dealer has been indicted on charges of engaging in deceptive business transactions surrounding the selling and buying of a vehicle. Joseph Matthew Stanford, owner of Moto Joes in Brandon, S.D., was indicted on one count of grand theft by deception, class 4 ...

Experian: Outstanding Balances Hit $886B

SCHAUMBURG, Ill. — Experian Automotive found that the total outstanding balance on open automotive loans hit an all-time high during the fourth quarter, but subprime contracts constituted a smaller part of the figure. That all-time high figure climbed to $886 billion.


Get Quote Today!!

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