Recent News

Fall 2015 rulemaking agenda

An important part of the CFPB’s mandate from Congress is to make rules governing consumer finance markets more effective and to create new rules when warranted. Today, we’re posting a semiannual update of our rulemaking agenda as part of the federal...

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FTC Sends Refund Checks Totaling More Than $250,000 To Consumers Who Bought Lipidryl Weight Loss Supplement

Checks Are Being Mailed Nationwide This Week The Federal Trade Commission is mailing 1,596 refund checks totaling $250,485 to consumers nationwide who bought the dietary supplement Lipidryl for purported weight loss. These are legitimate refund checks, and must...

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FTC Offers Top 10 Holiday Shopping Tips For Consumers, And Advice For Online Retailers

Whether you’re shopping by phone, mail or online this holiday season, the Federal Trade Commission offers 10 tips to help you shop wisely and save a few bucks, too. Need tips on making a shopping budget, comparing prices, taking advantage of rebates and layaway,...

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Dealer.com Becomes Primary Web Platform for Cox Automotive Clients

ATLANTA — Cox Automotive announced today that the Dealer.com website solution will serve as the primary solution for Cox Automotive customers. Current users of VinSolutions’ website product will migrate to the Dealer.com platform beginning in early...

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N.A. auto production will remain strong in 2016, analyst says

North American auto production rose 1 percent in October and 'should remain strong' through the next 12 to 18 months thanks to strong truck demand, healthy inventories and a strengthening economy, Robert W. Baird and Co. ... Read More »

VW Apologizes, Promises Imminent Diesel Fix

LOS ANGELES — The CEO of Volkswagen's North American automotive business offered a public apology on press day of the Los Angeles Auto Show. He said the company is on the verge of revealing its plan to fix the nearly 500,000 diesel vehicles sold in the United...

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Japanese supplier INOAC agrees to $2.35 million U.S. price-fixing fine

Japanese supplier INOAC agreed to plead guilty to fixing prices -- and pay a $2.35 million criminal fine -- on auto parts sold to Toyota between 2004 and 2012, the U.S. Justice Department said today. ... Read More »

UAW partners with Germany’s IG Metall to push for better U.S. wages, union representation

The UAW and Germany's largest autoworker union, IG Metall, have joined forces to push for improved wages and working conditions at the U.S. plants of German auto and parts manufacturers. ... Read More »

Ontario Teachers’ Pension Plan to Acquire Majority Stake of APCO

NORCROSS, Ga. — APCO Holdings Inc. (APCO), a marketer and administrator of vehicle service contracts (VSC) sold by franchised and independent auto dealers, today announced that it has entered into a definitive agreement for a majority stake of the company...

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U.S. probes Bosch in VW cheating scandal, report says

U.S. authorities are investigating German auto supplier Robert Bosch over its role in Volkswagen's massive scheme to cheat U.S. emission standards, people familiar with the matter told Reuters. ... Read More »
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