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Auto NewsCongressional committee agrees on auto dealer exemption
The National Automobile Dealers Association has political muscle, and it wasn’t afraid to use it to obtain the highly sought-after auto dealer exemption from Consumer Financial Protection Bureau oversight. NADA spokesman Bailey Woods told Automotive News that House and Senate committees made the right decision, as the CFPB would make dealer financing for auto loans [...]
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Buyer BewareDealership Loans: Don’t take the easy way out
Some people might like the idea of waking up one morning, deciding they want a new car, heading to a dealership and getting the car and the financing taken care of all at once and in the same place.
However, convenience always comes with a price. In this case, that price could be a whole lot [...]