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ORLANDO, Fla. – US Equity Advantage® (USEA), a leading provider of biweekly loan processing for the automotive industry, has added two new components to its broad scope of compliance practices. The code of ethics and certification test for dealership partners are designed to further enhance the consumers’ understanding of the costs and benefits associated with ... Read More »
Read More →NEW YORK — City officials are cracking down on the sale of used cars that have been recalled but not repaired. Now, dealers in the city that sold unrepaired recalled vehicles must notify the vehicles’ owners and perform the necessary repairs, The New York Times reports. In July, city officials sent subpoenas to 200 dealerships ... Read More »
Read More →INDEPENDENCE, Mo. — The owner of Edge Auto Sales, an auto dealership with locations in Blue Springs and Independence, was sentenced to 15 years in prison for multiple felony convictions related to an extensive identify theft scheme he ran out of his dealerships. Morrow acquired personal identifying information about his victims through their applications for ... Read More »
Read More →LAWRENCE, Kan. — A Douglas County auto dealer has been ordered by Attorney General Derek Schmidt’s Office to repay a consumer more than $2,000 after violating the Kansas Consumer Protection Act. South Auto Sales, Eudora, and its owner, Salah Ibrahim, were ordered last week in a consent judgment to reverse an automobile transaction and repay ... Read More »
Read More →FARMINGTON HILLS, Mich. — RouteOne LLC will discuss the forthcoming scrutiny of F&I products by the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) during a complimentary webinar on July 23 at 12 p.m. ET. During the webinar, entitled “CFPB and FTC Update: All About Add-Ons,” RouteOne Staff Attorney Joseph Karam and ... Read More »
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