Industry News

From Today’s NADA headlines

House Committee Accuses CFPB of Improper Auto Lending Crackdown

The Consumer Financial Protection Bureau took "misguided and deceptive" actions in extracting settlements from indirect auto lenders ...
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Consumer Watchdog Pushed Discrimination Case on Vulnerable Firm: Report

When federal regulators launched a crackdown on alleged discrimination in auto lending two years ago, they knew their methodology would be questioned.
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Forecast: U.S. Light Vehicle Sales on Track for Record Year

A WardsAuto forecast calls for U.S. light-vehicle sales to reach an 18.4 million-unit seasonally adjusted annual rate in November ...
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Top Issues

Congress Rejects CFPB's Attempt to Eliminate Dealer Discounts in the Showroom

McLEAN, Va. (Nov. 18, 2015)--Democrats and Republicans joined forces in the U.S. House of Representatives on Wednesday to overwhelmingly pass legislation to protect consumers by bringing transparency and accountability to the Consumer Financial Protection Bureau's (CFPB) regulation of the auto finance market.

H.R. 1737, the "Reforming CFPB Indirect Auto Financing Guidance Act," introduced by Reps. Frank Guinta (R-N.H.) and Ed Perlmutter (D-Colo.), passed on a 332-96 vote. 244 Republicans and 88 Democrats voted for the bill. (Read more)

The Benefits of Franchised Auto Dealers

The current franchised new-car dealer model has benefited consumers, manufacturers and local communities for nearly a century. NADA's "Get the Facts" page sets the record straight about the benefits of the franchise system for consumers and local communities all over America.

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