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Senate Finance Committee’s draft rolls back deduction for car loan interest for used vehicles
In the U.S. Senate Committee on Finance’s draft of the Republicans’ budget reconciliation bill released Monday, the tax…
From One Dragon to Many
States Will Fill the CFPB’s Void From the June issue of UCD By Eric L. Johnson and Mark…
CFPB rescinds regulatory guidance on repossessions, other items
Continuing its efforts to eliminate instances of regulatory burden, the Consumer Financial Protection Bureau (CFPB) last month rescinded…
NY DMV pauses enforcement of proof of ownership rule
The New York Independent Automobile Dealers Association (NYIADA) proudly announced a significant victory for independent automobile dealers across…
Senate overturns California emissions standard waiver
The United States Senate overturned California’s strict emissions standards waiver this week. With a vote of 51 to…
UPDATE: NIADA makes request for provision showing car loan interest tax deduction applies to used vehicles
NIADA delivered a request to Senate Finance Committee leadership for language clarifying the proposed tax deduction for interest…
Team effort protects Montana dealers on bill concerning starter interrupt devices
PassTime, NIADA, the Montana IADA and the state association president, Chad Randash, owner of Randash Auto Center in…
Tax bill with deductions for car loan interest forwarded to House Budget Committee
The U.S. House of Representatives’ Ways and Means Committee voted Wednesday to forward the tax proposal, which includes…
CFPB to not prioritize enforcement of BNPL rule
The Consumer Financial Protection Bureau Tuesday announced it was not prioritizing enforcement of the 2024 rule that would…
Washington Update: Congress moves ahead with budget, eyes EV credit cuts
Update provided by Hance Scarborough, LLP Last week, Congress made significant progress on setting spending limits for the…