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Archive September 2024
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Mark Jones Appointed to TxDMV Board
- By: Stephen Pallas
- On: 09/18/2024 14:57:27
- In: Texas Posts
- Comments: 0
Governor Greg Abbott has appointed Mark Jones, CEO of Mike Carlson Motor Company, to the Texas Department of Motor Vehicles (TxDMV) Board. His term will run through February 1, 2029. TxDMV oversees vehicle registration, dealer regulation, and efforts to combat vehicle burglaries and thefts.
The FTC CARS Rule Is Headed to Court
- By: Stephen Pallas
- On: 09/16/2024 19:29:55
- In: Federal / National Posts
- Comments: 0
The Federal Trade Commission’s (FTC) proposed CARS Rule is facing a major legal challenge as the lawsuit filed by the National Automobile Dealers Association (NADA) and the Texas Automobile Dealers Association (TADA) will be argued in the U.S. Court of Appeals Fifth Circuit in New Orleans on October 9th. The outcome of this case could have significant implications for independent dealerships across Texas and the broader automotive retail industry.
Upcoming Texas Vehicle Inspection Changes: What Dealers Need to Know
- By: Stephen Pallas
- On: 09/16/2024 19:12:43
- In: Texas Posts
- Comments: 0
On January 1, 2025, a significant change will occur in Texas vehicle inspections. House Bill 3297, passed during the 88th Texas Legislature in 2023, eliminates the need for most non-commercial vehicles to undergo a safety inspection before registration. As we look ahead to this shift, here’s what dealers and their customers need to know about the new requirements and how these changes may impact business operations.
OCCC Renewal Deadline and Significant Rule Changes
- By: TIADA Compliance
- On: 09/16/2024 19:05:14
- In: Texas Posts
- Comments: 0
The Office of Consumer Credit Commissioner (OCCC) has released two critical updates that motor vehicle sales finance (MVSF) dealers must know. First, the OCCC reminds dealers about the timeline for MVSF license renewals. Second, the Finance Commission has published proposed amendments to motor vehicle sales finance rules. Below is a breakdown of these updates and what they mean for your business.
FTC Takes Action Against Dealership Group in Texas
- By: TIADA Compliance
- On: 09/03/2024 10:47:48
- In: Federal / National Posts
- Comments: 0
The Federal Trade Commission’s (FTC) Southwest Region, headquartered in Dallas, has recently taken enforcement action against a Fortune 500 dealer group for allegedly discriminatory practices. According to the FTC, the dealer engaged in pricing practices that targeted Black and Latino customers, charging them higher interest rates and fees compared to white customers. With this being the second major automotive-related case out of the Dallas office, Texas dealers are on extra notice that the FTC is diligently checking to ensure dealers are compliant with federal laws and regulations.