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CFPB Ruling Could Adversely Affect Dealers and Consumers

2013-03-26 21:21:43| AutomotiveDigest.com - Automotive Industry News

Auto dealership advocates are warning that costs will rise for borrowers if the Consumer Financial Protection Bureau presses banks to curtail auto loan markups determined by dealers. The warning followed the CFPB's bulletin this week that said banks are responsible for discrimination if their partner dealers mark up the interest rates on loans for minority borrowers or engage in other fair lending abuses. The agency is encouraging lenders to adopt a flat-fee model for dealer compensation. But dealer industry representatives said doing so would hurt competition and ultimately boost car prices. Dealer industry representatives, concerned about the new CFPB ruling, encouraging lenders to adopt a flat-fee model for dealer compensation, said doing so would hurt competition and ultimately boost car prices. [Read more]The Article CFPB Ruling Could Adversely Affect Dealers and Consumers appeared first on Automotive Digest.

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Carmakers: Proposed law would hurt consumers

2013-03-26 03:56:46| Auto Dealers - Topix.net

Auto manufacturers are warning that a bill gaining traction in New Hampshire will hurt car dealers, increase costs for consumers and potentially spark a legal battle.

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just On Call - SABMiller targets low-income consumers in Latin America

2013-03-25 15:59:00| Daily beverage news and comment - from just-drinks.com

SABMiller is looking to generate strong growth in its Latin American markets by focusing on the introduction of "affordable" products in the region.

Tags: call america latin consumers

 

Consumers sue Anheuser-Busch InBev, Grupo Modelo over merger

2013-03-25 15:05:08| Beverages - Topix.net

Nine consumers are filing a lawsuit today against Anheuser-Busch InBev and Grupo Modelo over their proposed $20.1 billion merger.

Tags: grupo sue consumers modelo

 

Monster Energy poses monster threat to consumers

2013-03-23 16:14:57| Beverages - Topix.net

On Long Island, Suffolk County passed three new bills "aimed at keeping energy drinks out of the hands of minors, citing health concerns, over objections of beverage industry lobbyists who called it unfair," reported Long Island Press.

Tags: energy consumers threat monster

 

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