Recent News

Save the date: Join us for a Community Bank Advisory Council meeting in Washington, DC

Join us for a Community Bank Advisory Council meeting with Director Cordray where we will discuss mortgages and overdrafts. The meeting will take place on Wednesday, October 15 from 3:30 to 5:30 p.m. The meeting will be held at: Consumer Financial Protection Bureau 1275...

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Capital One Eyeing Captive-Like Presence

MCLEAN, Va. — Capital One Auto Finance (COAF) is looking to forge a closer relationship with the more than 3,000 dealers in its Diamond Dealer program, a preferred dealer program the finance source launched in November 2011. The finance source may even look...

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GM to recall 117,651 vehicles for chassis-control flaw

GM is recalling 117,651 2013-14 model-year trucks, crossovers and sedans across all four of its North America brands to fix a potentially faulty chassis-control system that could fail and increase the risk of a crash. ... Read More »

BMW to boost i3, i8 availability in U.S.

BMW plans to allocate a higher share of i electric and plug-in hybrid output for the U.S. in the coming months. ... Read More »

Former Dealership Employee to Serve 15 Months for Embezzlement

NEWPORT, Vt. — A former employee of DeLaBruere's Auto Sales, Inc., will be serving 15 months in federal prison for her part in an embezzlement scheme at the dealership. She took about $368,000 while working as the store’s office manager, the Burlington...

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Jackson says 2015 sales could be ‘knocking on the door of 17 million’

Auto sales in the United States could hit nearly 17 million at the end of next year, AutoNation CEO Mike Jackson said today after reporting his company's best third quarter since 2006 and a 16 percent bump in September new-vehicle sales. ... Read More »

Loan fraud inquiry focuses on used-car dealers, report says

Federal and state authorities are investigating used-car dealerships to examine if they are inflating borrowers' income or falsifying employment information on loan applications to ensure that anyone can buy a car, the New York Times... ... Read More »

Opel chief Neumann vows to make good on Barra’s profit promise

A day after his boss assured investors of a return to profitability in Europe by 2016, Opel chief Karl-Thomas Neumann outlined the reasons he believes he can deliver. ... Read More »

Promoting saving at tax time

Imagine receiving a sum of money greater than your normal paycheck. What would you do with the money? Your first impulse might be to spend it. A gourmet dinner or a new television sounds nice. But, you may have bills that need to be paid first. There’s also the...

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Buffett to buy Van Tuyl Group, create Berkshire Hathaway Automotive

Warren Buffett's Berkshire Hathaway agreed to buy Van Tuyl Group, the largest privately owned auto dealership group in the United States. The business, with 75 dealerships at the end of last year, will be renamed Berkshire Hathaway Automotive. ... Read More »