Trade association reps tell Automotive News a study that found evidence of discriminatory auto lending practices relies on flawed methodology and incomplete data. Read more at Automotive News
JPMorgan Chase, Fifth Third and Barclays are among the credit line providers facing massive losses as Tricolor enters bankruptcy proceedings. Read more at Bloomberg
Valerie Drewlow, the former office manager at Greeley Nissan and Greeley Volkswagen, was arrested and faces charges of stealing $182,815 from the dealerships. Read more at Greeley Tribune
A new Carleton survey of U.S. finance executives finds the majority experience loan payment discrepancies on a weekly or monthly basis. Read more at Dealer Agent News
The owner of New York’s Bul Auto Sales and Jacksonville’s Karma franchise has been arrested on charges of fraud and dealing in stolen property. Read more at Jacksonville Today
California Honda dealers are suing to block direct sales of the Afeela 1 EV by the factory and its Sony Honda Mobility division in violation of state franchise laws. Read more at Auto Dealer News
Attorney Jim Ganther answers a dealer’s seemingly straightforward question: Is it legally permissible to pencil F&I products into payment quotes? Watch at YouTube
A unanimous state supreme court decision finds NJ CAR lacks standing to sue Ford Motor Co. for alleged violations of New Jersey franchise laws. Read more at Automotive News
Mark Janbakhsh faces a maximum sentence of 30 years in federal prison after being convicted of conspiring to defraud two finance sources and a bankruptcy court. Read more at DOJ.gov
Frankenstein’s monster is coming for your dealership. ACE's Gil Van Over has a foolproof method to spot synthetic ID thieves and maintain Red Flags Rule compliance. Read more at F&I and Showroom
