News & Analysis as of

Regulatory Requirements Automotive Industry State Attorneys General

Brownstein Hyatt Farber Schreck

CFPB Drops Indirect Lending Case

On April 22, the Consumer Financial Protection Bureau (CFPB) requested the U.S. District Court for the Southern District of New York to remove the bureau as a plaintiff in CFPB v. Credit Acceptance Corporation, a case that...more

Seyfarth Shaw LLP

OEMs Seek to Enjoin Enforcement of Maine Right to Repair Act

Seyfarth Shaw LLP on

On Friday, January 31, 2025, the Alliance for Automotive Innovation (“Auto Innovators”), a trade association representing manufacturers in the auto industry, filed a lawsuit in federal court in Maine seeking to enjoin...more

Troutman Pepper Locke

Virginia Governor and AG Announce Withdrawal From California-Based EV Mandate

Troutman Pepper Locke on

Last week, Virginia Governor Glenn Youngkin announced that, effective January 1, 2025, Virginia will exit a California-led electric vehicle (EV) mandate and will instead comply with less stringent federal guidelines. The...more

McGlinchey Stafford

Regulatory updates and considerations for GAP providers and creditors

McGlinchey Stafford on

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

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