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Auto Dealer Monthly- It’s Official: Wells Fargo to Pay $1 Billion FineWells Fargo has consented to pay federal regulators $1 billion to settle charges pertaining to sales of automotive collateral protection insurance and mortgage interest rate-lock extensions.
- Q&A: Who’s Afraid of the Electric Inventory?ChannelNet’s Paula Tompkins wants dealers to modernize their sales and customer service processes before disruptive vehicle technology forces their hand.
- Calif. Dealers Seek New Protections Under State's Franchise LawsNew legislation aimed at strengthening dealer protections under California’s franchise laws will have its first committee hearing on Monday. One of its provisions specifically addresses the disclosure policy General Motors issued last summer regarding the sale of non-GM service contracts.
- Black Book: Small Cars Hold Their Own in MarchBlack Book’s most recent depreciation data charts a spring surge — and predicts a decline — in values for compacts and other smaller-car segments.
- Ally Announces Sweeping Leadership ChangesAlly Financial announced a number of promotions and the departure of former President of Auto Finance Tim Russi.
- Usher in a New Era of Vehicle SalesIt’s not too late to bring your dealership up to speed with the changing habits of car buyers. Indiana dealer Peyman Rashid has a three-step plan.
- U.S. Senate Approves Resolution to Repeal CFPB’s Dealer Participation GuidanceToday’s vote leaves it up to the House of Representatives to pass its version of the joint resolution of disapproval. Once that happens, only the president’s signature stands in the way of the industry’s more than five-year campaign to get the CFPB’s controversial guidance repealed.
- Podium Earns BMW/Mini, FCA EndorsementsPodium has joined the ranks of preferred dealership providers for the BMW/Mini and Fiat Chrysler brands.
- 3 Ways to Empower Dealership WorkersLearn how dealers and other customer-centric business owners are empowering staff to promote loyalty and improve CSI.
- Hearst Joins CDK Global Partner ProgramThe new partnership is designed to combine Hearst Autos’ Car and Driver shopping tools with CDK Global’s dealer websites.
- It’s Official: Wells Fargo to Pay $1 Billion Fine
- Auto Rental News
- Los Angeles World Airports Approves RFP for LAX Rental FacilityThe Consolidated Rent-a-Car facility will house rental car agencies in one facility and will be the eastern terminus for the Automated People Mover train system.
- Bobby Klyce, Avis Franchisee, Wins Annual Impact AwardIn addition to his tenure with Avis, Klyce is an ACRA board member, and is involved with the Avis Licensee Association, Avis Advertising and Policy Committee, and Avis System Advertising Trust.
- Tech Investor Drops from eHi Car ServicesColeman, who is the founder and CEO of Tiger Global Management, initially invested in eHi Car Services in 2015. He ended his investment in the first quarter of 2018 at an estimated net gain of 5%.
- Guyanese Rental Owner Accused of Forging Toyota IDsOsafo Yarde, owner of K&O Car Rental, denied allegations that he knowingly rented out vehicles with forged ID numbers and was released on bail.
- Enterprise to Open Location in West Virginia AirportThe Enterprise location will be the third car rental agency in the North Central West Virginia Airport joining Hertz Rent a Car and Avis Rent a Car.
- Avis Returns to Japan, Announces 4 Airport LocationsIdex Auto Japan, a dealer of new and previously owned vehicles and car rental operator in Japan, has been appointed the company's licensee to operate the brand.
- Tesla Rental Startup Offers $49 Rides between LA, San DiegoTesloop currently operates with a fleet of 12 vehicles.
- All Future Rides to Be Carbon Neutral, Lyft SaysJust in time for Earth Day, Lyft expects the new initiative to offset over a million metric tons of carbon.
- Jordan Court Rules to Ban Ride-Hailing Group CareemCareem may resume operations in the country when it obtains the appropriate licenses.
- Europcar Grows General Service Agent NetworkGeneral service agents are already established in 34 countries, with plans to grow their presence in France, the United Kingdom, Ireland, and Belgium.
- Los Angeles World Airports Approves RFP for LAX Rental Facility
- Insurance Journal
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Category Archives: CFPB
The CFPB Strikes Again – Class Action Waivers to be Eliminated? Maybe Not.
The Bad News.By Greg Johnson. At a recent Consumer Financial Protection Bureau field hearing in Denver, the CFPB revealed a proposal to eliminate the use of class action waivers in consumer finance contracts. Many retail installment sales contracts require arbitration … Continue reading
CFPB to Allow Consumers to Voice Complaints Publicly
Auto Dealer Monthly recently reported on the Consumer Financial Protection Bureau’s announcement that it is finalizing a policy to allow consumers to voice publicly their complaints about consumer financial products and services: Now, when consumers submit a complaint to the CFPB, … Continue reading
Posted in CFPB
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