N.J. Dealer Agrees to Pay $136,000 to Resolve Consumer Fraud Investigation
F&I Magazine Top News
Week of August 21, 2017
Top 5 News
1. N.J. Dealer Agrees to Pay $136,000 to Resolve Consumer Fraud Investigation
Three days after the New York attorney general's office reached settlement with a dealer for tacking on etch after customers agreed to prices for vehicles and often without their knowledge, New Jersey Attorney General Christopher Porrino reached an agreement with Sansone Hyundai to settle similar charges.
2. Roadster Adds Southern California’s Longo Toyota
Roadster is on the move. The startup has secured 7.25 million in additional funding and added the largest Toyota dealership in the world to its digital retailing platform.
3. 'Total Loss Protection' at Center of NY Dealer's $298K Settlement With State AG
The office of New York Attorney General Eric Schneiderman announced that Nissan of New Rochelle will pay $298,211 in restitution, penalties and fees to settle claims the dealership charged hundreds of car buyers thousands of dollars for an ‘unwanted and bogus’ theft-deterrent product.
4. ‘Father of F&I Menu’ to Hold Court at F&I Think Tank
George Angus, referred to as the ‘Father of the F&I Menu,’ will be at Industry Summit’s F&I Think Tank to take attendees down F&I’s memory lane during a special lunchtime address. They will be entertained and enlightened, as this legendary trainer shares the good, the bad, and the ugly of the F&I profession.
5. Swapalease: Lease Credit Approvals Fall in July
The car lease marketplace attributed the dip in approvals to a combination of factors, including a higher volume of credit-challenged lease applicants and a higher number of applicants looking for vehicles in higher-priced categories.
Top 5 Articles
1. Disbanding the 'Seven Car Club'
Sales expert lists three tasks dealers must complete to rid their showrooms of underperforming sales pros.
2. Examining the CFPB’s Arbitration Rule
Legal experts break down the Consumer Financial Protection Bureau’s new arbitration rule and how it could affect your dealership.
3. The Connected-Car Opportunity
Two major players in the aftermarket telematics space are attempting to do what others have failed to achieve: carve out a profit opportunity for dealers in today’s connected-car evolution.
4. Setting Up the Edesk
Continuing with his noble effort to define the edealership, the magazine’s resident compliance pro explains why the desking process is ripe for digitization.
5. Navigating the Finance Triangle
Success or failure in F&I usually comes down to one thing. Development specialist explains what that is and how it can keep your dealership out of the dreaded finance triangle.

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