While it is not novel to see administrator registration requirements for vehicle service contracts or other vehicle protection products, Oklahoma recently enacted SB 541 which now requires the registration of debt waiver...more
On May 6, 2024, Florida enacted SB 902, clearing the way for dealers to sell excess wear and use waivers on leases and vehicle value protection agreements. The bill, which will take effect on October 1, 2024, makes Florida...more
California Attorney General Rob Bonta has never minced words in expressing his position that consumers should be protected from guaranteed asset protection (GAP) waivers. This trend continued with his sponsorship of AB 2311,...more
On July 13, 2022, the FTC’s proposed Motor Vehicle Dealers Trade Regulation Rule, was published in the Federal Register. The FTC’s stated purpose of the proposed rule is to “protect consumers and honest dealers by making the...more
8/12/2022
/ Add-ons ,
Comment Period ,
Consent ,
Dealerships ,
Disclosure Requirements ,
Extended Warranties ,
Federal Trade Commission (FTC) ,
Maintenance ,
Misrepresentation ,
Motor Vehicles ,
Recordkeeping Requirements ,
Unfair or Deceptive Trade Practices
Guaranteed asset protection (GAP) waivers have always held state regulators’ attention, but as vehicle price increases drive up consumer demand for debt cancellation agreements, regulatory scrutiny into such agreements is...more
3/25/2022
/ Automotive Industry ,
Automotive Loans ,
Cancellation Rights ,
Consumer Financial Protection Bureau (CFPB) ,
Debt ,
Department of Defense (DOD) ,
Department of Justice (DOJ) ,
Finance Lender ,
Lenders ,
Regulatory Requirements ,
State Attorneys General
In honor of Women’s History Month, members of Uplift, McGlinchey’s women’s initiative, gathered for a multi-generational discussion. In this episode of More with McGlinchey, Uplift Co-Chair Kristi Richard speaks with Mary...more
You may have heard about recent cyberattacks on utility companies that resulted in large ransoms being paid and our nation’s critical utility infrastructure being compromised. In this episode of More with McGlinchey, Kristi...more