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City Fines Credit Acceptance, Clover, Westlake

Sunday, 10 December 2017 21:56
The New York City Department of Consumer Affairs (DCA) announced settlement agreements with three financing companies – Credit Acceptance Corp., Clover Commercial Corp, and Westlake Financial Services – that financed subprime auto loans through a group of Brooklyn used-car dealerships.DCA secured $311,260.57 in restitution for 50 consumers. In May, DCA charged the dealerships – USA1 Auto Sales, Inc., Lenden Used Car Sales, Inc., D&A Guaranteed Auto Sales, Inc., and Linden Used Cars, Inc. – and their owners, with deceptive and unlawful trade practices, including misleading consumers about the price of automobiles, concealing and misrepresenting the terms of sale and financing, and failing to inspect the automobiles. Consumers who owe money to the finance companies will receive a credit to their account and any amount beyond what is owed will be paid via check. Consumers who no longer owe any money will also receive a check.

DealerRater Enhances Offerings

Sunday, 10 December 2017 21:54
DealerRater has rolled out an enhanced offering as part of its Connections product suite. Dealerships use DealerRater Connections to create dealer and employee profiles, leverage a dashboard to monitor reviews and social presence, and have their reviews shared across DealerRater’s syndication partner sites.The new DealerRater Connections Plus goes one step further by leveraging the power of ReviewBuilder, which offers an automated, customized approach to earning more reviews at a faster pace.

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