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Expert offers a six-step plan for first-time auto dealers.
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If the CFPB has its way, pre-dispute arbitration agreements will no longer protect dealers from class-action lawsuits.
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Any entity that feeds a consumer reporting agency is considered a ‘data furnisher’ by the CFPB and must be aware of three credit reporting factors that can’t be overlooked.
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If the waivers intended to protect your dealership aren’t clearly visible, they might as well not be there.
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In 2012, California’s capital was the site of a yearlong battle between state lawmakers and buy here, pay here dealers. Two new laws designed to protect consumers are now on the books, and dealers say they’re causing headaches on both sides of the sale.
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An invitation to join the CFPB’s Company Portal should not be ignored, and some dealers may choose to sign up preemptively.
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The misguided attack on starter interrupt devices stems from a fundamental misunderstanding of their function and the benefits they offer to car buyers.
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A lawsuit against a Minnesota dealer highlights the need to keep the cost of a service contract from being part of the finance charge.
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A California case illustrates the value of the “cure” statutes that protect dealers in some states.
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The magazine’s resident legal eagle ponders how laws governing debt collection apply to auto dealers.
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