Industry News

From Today’s NADA headlines

Obama Bullied Bank to Pay Racial Settlement Without Proof

Newly uncovered internal memos reveal the Obama administration knowingly exaggerated charges of racial discrimination ...
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The Rogue Regulator

A last-minute amendment to Dodd-Frank explicitly barred the CFPB from regulating or suing car dealers, who derive much of their revenue from lending.
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Volkswagen to Offer Generous Compensation for U.S. Customers

Volkswagen will offer generous compensation packages to the roughly 600,000 U.S. owners of diesel vehicles ...
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Top Issues

NADA Responds to Release of Second House Financial Services Committee Report on CFPB

TYSONS, Va. (Jan. 20, 2016)-The National Automobile Dealers Association (NADA), through its spokesman Jared Allen, issued the following statement in response to the release Wednesday of the House Financial Services Committee report " Unsafe at Any Bureaucracy, Part II":

"This report further confirms that the CFPB's campaign to eliminate auto loan discounts costs consumers money. The CFPB should instead consider the U.S. Department of Justice solution that fully addresses the Bureau's concerns about fair credit risk in auto lending, but that doesn't needlessly cost consumers money or harm the very people the agency is trying to help. There is substantial bipartisan support in Congress to force the CFPB to bring transparency and accountability into their policymaking, and for very good reason." ( 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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