Recent News

FTC to Announce Major Advance in Helping Victims Recover from Identity Theft

The Federal Trade Commission will host a press conference at its headquarters in Washington, D.C., on Tuesday, Jan. 26, at 12:30 p.m. ET to announce a major step forward in efforts to help victims of identity theft recover from this pernicious crime. The agency...

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FTC ‘Fotonovela’ Tells Latino Community How to Avoid Car-Buying Problems

The FTC is offering Manuel esquiva un lío al comprar un carro, its newest Spanish-language fotonovela that tells readers how to avoid car-buying trouble. The fotonovela tells a story of what happens when a family buys a minivan with dealer financing, only to...

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GM allowed to tell ignition-switch jury about plaintiff’s ‘lies’

The first trial over General Motors' deadly ignition-switch defect is about to take another twist. The judge overseeing the case in U.S. ... Read More »

GM allowed to tell ignition-switch jury about plaintiff’s ‘lies’

The first trial over General Motors' deadly ignition-switch defect is about to take another twist. The judge overseeing the case in U.S. ... Read More »

Wells Fargo Posts $31 Billion in Auto Loan Originations in 2015

SAN FRANCISCO — Wells Fargo reported last week it originated a record $31 billion in auto loans in 2015, $4.2 billion more than it did in 2014.Chairman and CEO John Stumpf said during an investor call that while falling energy prices have hurt certain sectors...

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N.Y. attorney general sues more dealerships over credit repair

The New York attorney general has sued four dealerships and settled with three others over the illegal sale of credit repair and identity theft protection, the attorney general's office said Wednesday. ... Read More »

Dealertrack Releases 2016 Dealertrack Compliance Guide

LAKE SUCCESS, N.Y. — Dealertrack has released the 2016 edition of its Dealertrack Compliance Guide in print and online formats. The guide, written for dealers and is free of charge, is designed to help dealers protect their dealerships from audits,...

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CFPB Documents Show Wrong Recipients Received Checks for Disparate Impact Case

WASHINGTON — Republican members of the House Financial Services Committee continued hammering the Consumer Financial Protection Bureau's targeting of dealer participation. This time, members released internal bureau documents showing that some settlement...

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U.S. recalls hit another record in 2015, NHTSA chief Rosekind says

More than 51 million vehicles were recalled in 2015 in nearly 900 campaigns, another record, NHTSA chief Mark Rosekind said today during a speech at the Washington auto show. ... Read More »

CFPB: BHPH Dealer to Pay $800,000 for Abusive Financing Practices

WASHINGTON, D.C. — The Consumer Financial Protection Bureau has taken action against Herbies Auto Sales for abusive financing schemes, hiding auto finance charges and misleading consumers. The buy-here, pay-here dealership will be required to pay $700,000...

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