Jack Ewing writes about business from New York, focusing on the auto industry and the transition to electric cars. He spent much of his career in Europe and is the author of “Faster, Higher, Farther,” about the Volkswagen emissions scandal.  Peter Eavis is a New York-based reporter covering companies and markets. Before coming to The […]

Companies challenged the CFPB payday lending rule in court and argued that the agency’s unique funding scheme violates the separation of powers (Community Financial Services Assn. v. CFPB). A three-judge Fifth Circuit Court of Appeals panel agreed this week, explaining that the bureau’s “double insulation from Congress’s purse strings” is “unprecedented.” It is double insulated […]

In order to more fully explain the requirements and limitations that apply to fees that a dealer may charge a lessee who exercises an option to purchase, we have set forth below the relevant excerpt from NADA’s Driven: A Dealer Guide to Federal Consumer Leasing Act Requirements.   As the excerpt generally explains: the lessee […]

By U.S. car sales continued at a blistering pace in the second quarter but showed some signs of slowing in June, as the number of vehicles on dealership lots continues to dwindle. General Motors Co. reported a nearly 40% increase in vehicle sales for the second quarter compared with the same period a year ago. The […]