Andy Mohr Automotive Group, an 11-rooftop Indiana dealership group, is facing a class-action lawsuit after customers say they were charged an illegal document preparation fee. It is the second such lawsuit filed this month against dealerships in the state, and legislation is already in the works to legalize fees under $200.
Subprime auto lender Exeter Finance agreed to pay a combined $6 million in Massachusetts and Delaware for financing auto loans that the lender knew or should have known were unfair. Both states say the loans violated state law.
Genesis has launched an all-inclusive leasing program in Florida that lets customers combine lease and auto insurance payments. "Genesis Spectrum is a very solid next step in the evolution of subscription." says Connie Kahn, director of Genesis Finance, the brand's captive finance company.
Dealers should be most concerned about proposed amendments to the Safeguards Rule, which would require the use of encryption and multitiered authentication for access to sensitive customer data and periodic reports on customer data protection to the leadership team.