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INTRODUCTION Consumer automobile leasing has grown in popularity in recent years.(1) Along with this increased popularity, however, has grown concern that consumers are not adequately protected. The federal Consumer Leasing [...]

INTRODUCTION The last Survey(1) reported the large increase in the volume of consumer automobile lease transactions was accompanied by a sharp rise in class action litigation alleging violations of the [...]

INTRODUCTION Automobile leasing has become one of the largest and fastest growing areas in consumer leasing. The following statistics represent a national increase of approximately two percent annually for new [...]

Private parties dealing with failed banks or thrifts dealing with the Resolution Trust Corp (RTC) or the Federal Deposit Insurance Corp (FDIC) in courtshould be able to produce proper bank-transaction documentation during litigation to stand a chance against the very powerful federal agencies. The RTC and the FDIC can wipe out the claims and defenses of customers of federally liquidated failed banks and thrifts through federal law standards for the required bank documentation. There are two sources of such federal law standards and these are often used together. The first, commonly known as the D'Oench Doctrine, is an old Supreme Court case wherein a secret agreement betweem a customer and bank officials was nullified by the FDIC when the agency represented the failed bank. The second is 12 USC 1823(e), a statute specifying conditions for an agreement's validity against the FDIC.

Byline: Thomas B. Hudson At the recent Chris Leedom conference in Las Vegas, colleague Emily Beck and I had a chance to talk with a number of dealers about the [...]

Byline: Thomas B. Hudson If you listen to the true believers at the National Consumer Law Center (the folks that provide legal support for consumer advocates and plaintiffs' lawyers), they [...]

Don't ever accuse me of being consistent. I've had so many positions on the question of whether it's a good idea to videotape finance and insurance sessions with customers, that [...]

Byline: THOMAS B. HUDSON Would you be interested in a helpful training aid that you could use to educate your dealership personnel (and quite likely yourself) about one of the [...]

What sort of sales shop do you have at your dealership? Is it the kind of store where top management infuses a sense of ethics and decency into the personality [...]

Byline: THOMAS B. HUDSON The good old days will soon be gone and with them, perhaps, dealer participation in financing. We've reported on the attacks on dealer participation for quite [...]

Discusses the dispute between automobile dealers and sales finance companies concerning financing arrangements for car sales in the U.S. in 2005. Reasons for the dispute; Legal aspects of the issue; Implications on the automobile industry.

Reports that there was much discussion about why automobile dealers should form a "related finance company" (RFC) at the National Alliance of Buy Here/Pay Here Dealers Meeting in Las Vegas, Nevada. RFC buys retail installment sales contracts from its related dealer; RFC need a license for its primary activity; RFCs are also called contracts sales finance companies in some states.

Explores the legal financial obligations of automobile dealers in the United States. Obligations of dealers who sell cars on credit under several federal laws; Obligations of dealers as creditors; Legal case related to a customer's attempt to buy a car in response to a direct mail advertisement from a dealer.