One would think auto finance is enjoying some breathing room as federal regulators lower their profiles in the Trump administration. One would be wrong, says Carleton’s Tim Yalich, and a silent threat could prove fatal. +
700Credit executives say an October cyberattack exposed the personal data of dealership customers and they have been working with NADA to craft a dealer action plan. +
California Gov. Gavin Newsom now says there will be no state-funded replacement for the expiring $7,500 federal tax credit for EV buyers, reneging on a promise he made in November. +
Gov. Gavin Newsom is expected to sign the California Combating Auto Retail Scams Act, which was modeled in part after an FTC initiative that stalled in a federal appeals court in January. +
The Trump administration has reined in federal enforcement actions, but attorney Jim Ganther says the case against a former dealership employee proves now is no time to fall asleep at the compliance switch.
AutoCanada announced the sale of 13 of its 17 U.S. franchised dealerships to multiple unnamed purchasers in a series of deals worth more than $60 million. +
An executive order and recent FTC activity suggests the legal theory’s days are numbered. How should dealers respond? Carefully, advises attorney and Mosaic Compliance Services CEO Jim Ganther.
Regulators will no longer pursue discriminatory pricing charges against three Texas dealerships owned by Asbury Automotive following an executive order challenging the legal theory of disparate impact. +
Shortly following a multimillion-dollar penalty leveled by the FTC, AutoCanada Inc. is actively seeking a buyer for its 10 Illinois dealerships and hopes to close the deal by the end of 2025. +
The FTC announced checks totaling more than $934,000 have been sent to 20,361 Vroom customers harmed by violations of rules and regulations intended to protect used car buyers.+
