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CFPB's First Public Enforcement Action of 2016 is Against Colorado Auto Sales Company
2016-01-22 22:42:26| Auto Dealers - Topix.net
On January 21, 2016, the Consumer Financial Protection Bureau announced an administrative enforcement action against Y King S Corp., d/b/a Herbies Auto Sales , a buy-here pay-here used car dealer located in Greeley, Colorado. Herbies is a car dealer that sells cars and originates the related auto loan, without later selling or assigning the loan to a third-party.
Tags: company
public
action
auto
Auto recalls last year break annual record set in 2014
2016-01-22 14:05:41| Automakers - Topix.net
Automobile recalls hit another record last year as stronger government enforcement and widening recalls of exploding air bags pushed the total above 51 million vehicles. The 2015 number barely beat the old record set in 2014, after that total was adjusted downward from nearly 64 million to eliminate double counting in the massive recalls of air bag inflators made by Takata, according to the National Highway Traffic Safety Administration.
Obama does victory lap for American auto industry
2016-01-22 10:13:30| Auto Dealers - Topix.net
President Barack Obama, facing Republican criticism over the state of the economy, did a Detroit victory lap on Wednesday to showcase the auto companies his administration helped save, but the industry has not turned out the way he hoped in 2009. Obama has held out his bailout of General Motors and Chrysler during the U.S. recession as examples of tough decisions he made that paid off both for the economy and the environment.
Tags: auto
american
industry
victory
Obama does victory lap for American auto industry
2016-01-21 16:25:27| Automakers - Topix.net
President Barack Obama, facing Republican criticism over the state of the economy, did a Detroit victory lap on Wednesday to showcase the auto companies his administration helped save, but the industry has not turned out the way he hoped in 2009. Obama has held out his bailout of General Motors and Chrysler during the U.S. recession as examples of tough decisions he made that paid off both for the economy and the environment.
Tags: auto
american
industry
victory
Could Auto Dealers' Anemic Stock Performance be a Harbinger of U.S. Economic Weakness?
2016-01-21 14:36:45| Auto Dealers - Topix.net
The shares of publicly owned automobile dealers have fallen off a cliff in January, indicating perhaps another ominous harbinger for the U.S. economy in 2016. The group bounced higher in trading on Wednesday, possibly in sympathy with the shares of another dealer chain, Sonic Automotive , which rebounded nearly 6% amid the day's market decline.
Tags: us
auto
stock
performance
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