Recent News

FTC Sends Refund Checks Totaling More Than $464,000 to Consumers Who Lost Money Buying Deceptively Marketed ‘Fat Burning’, ‘Calorie Blocking’ Diet Pills

More Than 11,500 Checks Are Being Mailed Starting Today The Federal Trade Commission is mailing 11,585 refund checks totaling more than $464,000 starting today to consumers who lost money buying dietary supplements deceptively marketed as “fat burning” and...

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TrueCar to stress mobile shopping as revenue surges

TrueCar is rebuilding its computer interface around mobile car-shopping to seize on a pronounced trend in its traffic volume, CEO Scott Painter said. ... Read More »

U.S. consumers expect gas prices to rise again, survey finds

Gas prices in the United States may be down, but consumers don't expect the lower prices to last. ... Read More »

Five Trade Groups Urge CFPB to Fix ‘Flaws’ in Fair Lending Enforcement

WASHINGTON — Five trade groups representing the nation’s largest auto finance sources issued a letter yesterday to the Consumer Financial Protection Bureau’s Richard Cordray, urging the director to review and respond publicly to a study...

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Dealer Hit By International Smuggling Operation

MANSFIELD, La. — After Mansfield Auto World reported that a car was stolen in a fraudulent online transaction, the U.S. Customs Service seized the vehicle from a freighter bound for Africa, the Shreveport Times reports.The dealership reported the fraud on...

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Experian: Total Outstanding Auto Loan Balance Hits All-Time High

SCHAUMBURG, Ill. —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 data from Experian Automotive.According to Experian’s latest State of the...

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Dana posts gains in Q4 net income

Powertrain component supplier Dana Holding reported gains in net income for the fourth quarter and 2014, but slipped in revenue in both the quarter and year. Net income for the quarter was $109 million, up from $42 million in 2013. ... Read More »

Volkswagen to promote Porsche CEO to management board, report says

Volkswagen is due to promote Matthias Mueller, currently head of Porsche, to its management board, German newspaper Frankfurter Allgemeine Zeitung said. ... Read More »

GM names new top lawyer as embattled Millikin retires

General Motors has named Craig Glidden, the top attorney at a global plastics and chemicals refiner, to succeed departing chief counsel Michael Millikin. ... Read More »

Infiniti reveals photo of QX30 crossover concept

Infiniti released a full photo of its QX30 crossover concept today in advance of the 2015 Geneva auto show. ... Read More »