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 Read on! →
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The Federal Trade Commission has clamped down on a number of car dealerships recently in an effort to curb deceptive car ads. Customers at these dealerships were misled by ads that claimed dealerships would pay off loan balances on trade-in vehicles. First case of its kind Many hold car salesmen and dealerships in the kind Read on! →