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Archive March 2025
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FTC Issues $934,000 in Refunds Following Settlement with Online Used Car Dealer
- By: Stephen Pallas
- On: 03/19/2025 12:53:17
- In: Federal / National Posts
- Comments: 0
In March 2025, the Federal Trade Commission (FTC) began distributing over $934,000 in refunds to consumers after reaching a settlement with an online used car dealer last year. The case centered on claims that the dealer misrepresented vehicle inspections, failed to meet delivery timelines, and did not properly disclose warranty information. As part of the settlement, the dealer agreed to pay $1 million, with most of the funds set aside for consumer refunds.
Important Information for Motor Vehicle Dealers Regarding Metal License Plates
- By: Guest Blogger
- On: 03/19/2025 12:38:27
- In: Texas Posts
- Comments: 0
The Texas Legislature passed House Bill 718 (HB 718) during the 88th Legislative Session in 2023 to address concerns related to the fraudulent use of paper license plates. The new law and associated administrative rules mandate significant operational changes for the Texas motor vehicle industry scheduled to take effect July 1, 2025.
Tariff Exemptions Provide Temporary Relief, But Dealers Must Stay Vigilant
- By: Stephen Pallas
- On: 03/06/2025 09:52:06
- In: Federal / National Posts
- Comments: 0
A new wave of tariff policies threatened to disrupt the automotive industry this week as the Trump Administration implemented 25% tariffs on goods from Mexico and Canada, while also imposing additional 10% in tariffs on products from China. However, in response to concerns from major automakers, a temporary exemption for autos was granted, delaying the impact until April 2.
Senate Bill Proposes Convenience Fee Regulations for Electronic Payments
- By: Stephen Pallas
- On: 03/05/2025 09:58:49
- In: Texas Posts
- Comments: 0
Texas Senator José Menéndez has filed Senate Bill 1736 (SB 1736), a proposed law that would explicitly authorize holders of retail installment contracts for motor vehicles to charge a convenience fee for processing electronic payments. This bill aims to clarify the conditions under which these fees can be applied.
UPDATE: Court Ruling Reinstates Beneficial Ownership Filing Requirement - New Deadline Set for March 21
- By: Stephen Pallas
- On: 03/05/2025 04:25:28
- In: Federal / National Posts
- Comments: 0
Businesses must once again comply with the Corporate Transparency Act (CTA) and submit beneficial ownership documents following a recent court ruling. The deadline to file these documents with the Financial Crimes Enforcement Network (FinCEN) is now March 21, 2025.