Managing Money :: Three auto dealer tactics the overhaul missed

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Released: July 17, 2010

Three auto dealer tactics the overhaul missed

Source: Ron Lieber, New York Times (Free Registration)

Sometime next week, President Obama will finally sign a financial reform bill. Plenty of banks will have to deal with messy new rules, but one big winner in the “spare me from further regulation” sweepstakes was auto dealers.

Mr. Obama wanted the new consumer financial protection agency to oversee dealers and the loans they arrange for consumers. So did many consumer groups and military organizations, because crooked dealers have taken advantage of many young soldiers.

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