Latest OnLine Editon  Read Here

Tuesday, 26 September 2017 00:29

Mazda Recalls Cars for Wiring Issues

Mazda North American Operations is recalling 57,878 2015-16 Mazda6 vehicles. Debris from the welding process during manufacturing of the front passenger seat frame may damage the occupant classification system (OCS) wiring.
If the wiring becomes damaged, there may be a loss of power steering assist and the deactivation of the passenger air bag, increasing the risk of a crash and the risk of injury in the event of a crash.
Mazda will notify owners, and dealers will attach a protective pad on the seat frame. If the OCS harness is damaged, insulating tape will be applied to the harness. These repairs will be performed free of charge.
The recall is expected to begin Sept. 29. Mazda's number for this recall is 1517H.

Published in News Now
Thursday, 21 September 2017 18:58

Honda Recalls Incorrectly Installed Airbags

American Honda Motor Co. is recalling 646 2008-12 Accord, 2010 and 2012 Accord Crosstour, 2006-11 Civic, 2007-11 CR-V, 2009-12 Fit and Pilot, and 2010-12 Insight vehicles that received replacement passenger frontal air bag inflators.
One dealership may have incorrectly installed the replacement air bag inflators.
Honda will notify owners, and dealers will replace the passenger frontal air bag module assembly, free of charge.
The recall is expected to begin Oct. 1.
Honda's numbers for this recall are O07, Y0A, N06, G05, M04, Y01, and O09.

Published in Latest News
Monday, 18 September 2017 22:27

State Extends Tax Filing Deadline

The Florida Department of Revenue issued an emergency order to extend certain filing due dates for Florida businesses registered with the department in each of the 67 counties affected by Hurricane Irma.
Order of Emergency Waiver Number 17-235-DOR-003 changes the filing due date for sales and use tax, as well as fuel tax returns and payments to Sept. 29.
Sales and use tax, as well as fuel tax returns and payments are normally due on the 1st day of the month, and late after the 20th day of the month.

Published in Legal

The Consumer Financial Protection Bureau issues its first-ever no-action to Upstart, a company that uses non-traditional or alternative data and modeling techniques in lending decision-making.
Under the terms of the no-action letter, Upstart has agreed to a number of conditions designed to mitigate risk to consumers. The no-action letter signifies that bureau staff have no present intent to recommend initiation of supervisory or enforcement action against Upstart with respect to the Equal Credit Opportunity Act.
The letter applies to Upstart’s model for underwriting and pricing applicants as described in the company’s application materials . This no-action letter is specific to the facts and circumstances of Upstart and does not serve as an endorsement of the use of any particular variables or modeling techniques in credit underwriting.
As a condition of the no-action letter, Upstart will regularly report lending and compliance information to the CFPB to mitigate risk to consumers and aid the bureau’s understanding of the real-world impact of alternative data and modeling techniques on lending decision-making.

Published in Legal

Michelin North America Inc. is recalling 185 Pilot Power 3 replacement sport motorcycle tires, size 180/55ZR17 (73W), manufactured between April 17, 2016 and May 7, 2016.
These tires are missing the required maximum load and corresponding inflation pressure information on the sidewall. As such, these tires fail to comply with the requirements of Federal Motor Vehicle Safety Standard (FMVSS) number 119, "New Pneumatic Tires-Other Than Passenger Cars."
Michelin will notify owners, and dealers will replace the tires, free of charge.
The recall is expected to begin Sept. 25

Published in Compliance News
Wednesday, 13 September 2017 15:22

CFPB Finds Issues with Repossessions

The Consumer Financial Protection Bureau recently released information on its supervisory actions in the first half of the year, including those involving auto finance.
Many auto credit servicers give borrowers options to avoid repossession of their vehicle if a loan is delinquent or in default. But the CFPB’s examiners found that one or more companies were repossessing vehicles after the repossession was supposed to be cancelled.
Some creditors wrongfully listed the account as delinquent. In other instances, customer service representatives did not cancel the repossession order when feasible after borrowers made sufficient payments.
Also, some repossession agents did not check the documentation beforehand to see if the repossession had been cancelled.

Published in Legal
Wednesday, 13 September 2017 15:22

Black Book Sees Wholesale Prices Slip

Black Book saw its Used Vehicle Retention Index dip slightly in August.
The Index fell to 112.6 in August from 113 in July.
The Black Book Used Vehicle Retention Index is calculated using Black Book’s published Wholesale Average value on two- to six-year-old used vehicles, as percent of original typically equipped MSRP.
The Index has now declined 3.9 percent year-over-year.
Compact cars, near-luxury cars, and subcompact cars each saw slight gains during August, despite the Index overall seeing a slight drop. It is expected that trucks and pickups and even smaller cars may see gains in the near term as dealers and individuals look to replace damage or destroyed vehicles from Hurricanes Harvey and Irma.

Published in Dealers
Wednesday, 13 September 2017 15:22

NTSB Spreads Blame in Autopilot Crash

The National Transportation Safety Board determined that a truck driver’s failure to yield the right of way and a car driver’s inattention due to overreliance on vehicle automation are the probable cause of the fatal May 7, 2016, crash near Williston, Fla.
The NTSB also determined the operational design of the Tesla’s vehicle automation permitted the car driver’s overreliance on the automation, noting its design allowed prolonged disengagement from the driving task and enabled the driver to use it in ways inconsistent with manufacturer guidance and warnings.
As a result of its investigation the NTSB issued seven new safety recommendations and reiterated two previously issued safety recommendations.

Published in Tech News
Tuesday, 12 September 2017 00:37

Ford Recalls Trucks for Seat Belts

Ford Motor Co. is recalling 117,423 2015-2017 F-150, and 2017 F-250 and F-350 trucks equipped with a crew cab.
The left rear inflatable seat belt buckle assembly may be inadequately attached to its mounting bracket. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard (FMVSS) number 210, "Seat Belt Assembly Anchorages."
Ford will notify owners, and dealers will inspect the seat belt assembly, replacing the attaching rivet as necessary, free of charge.
The recall is expected to begin Oct. 16. Ford's number for this recall is 17C12.

Published in Compliance News
Monday, 11 September 2017 01:30

BMW Recalls Motorcycles for Bad Bolts

BMW of North America, LLC (BMW) is recalling 3,368 2014-17 R NINE T motorcycles.
The bolts that connect the right-side swing arm pivot pin to the frame may loosen.
BMW will notify owners, and dealers will remove the pivot pin bolts, clean, and re-install them with the proper torque after applying a thread locking adhesive, free of charge.
The recall is expected to begin Oct. 9.

Published in Compliance News
Page 1 of 5