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Warren's false claim that "auto dealer markups cost consumers $26 billion a year" Read the Washington Post's May 5th, 2015 fact checker article on the Massachusetts Democrat earning Four Pinocchios for mischaracterizing a report with fishy numbers. Read the article here.

Contact Senator Schumer Today To Save Dealer-Assisted Financing
NADA has learned that Senator Charles Schumer (D-N.Y.) may introduce legislation with Senator Elizabeth Warren (D-Mass.) to repea l the dealer exemption from the jurisdiction of the Consumer Financial Protection Bureau (CFPB). Without this exemption, the future of dealer-assisted financing would be in serious jeopardy.

If the dealer exemption is repealed, your ability to offer auto financing for your customers will either be regulated out of existence or severely constrained.

URGENT ACTION NEEDED

Call Senator Schumer today at 202-224-6542 and tell him:

You strongly oppose him sponsoring legislation to repeal the auto dealerexemption from the CFPB.

When speaking to the Senator’s staff, please make the following points:

• Congress exempted auto dealers from the jurisdiction of the Consumer Financial Protection Bureau (CFPB ) because dealers are not banks. Dealers do not finance or underwrite auto loans , they sell and service automobiles .

• Dealers are already regulated by the Federal Trade Commission, the Federal Reserve Board , the Department of Justice, the New York state attorney general, as well as the New York City Department of Consumer Affairs.

• Eliminating dealer-assisted financing would lessen competition in the $905 billion auto finance marketplace, and result in higher in terest rates for all consumers.

For more in formation on the auto dealer exemption, please visit https://www.nada .org/cfpb/, email legislative@nada.org, or call NADA Legislative Affairs at 202-547-5500. Please report back to NYSADA (518) 463-1148 and speak to Christine (ext. 203) or Christine@nysada.com on your communication to Senator Schumer’s office . Thank you.

 


Please Complete Your NYSADA Economic Impact Survey by May 15
Included in this Month's newsletter please find NYSADA's "Economic Impact Survey" for the year 2014. The results from this survey help us ddemonstrate to our legislators how vital our industry is to the economy of New York State. NYSADA uses this information to show legislators the economic strength of franchised dealers across the state. For more information please contact the Association at (518) 463-1148 and speak with Ed Richardson (ext.210).

NYSADA Offers Great Hole-in-One Insurance Deal Through ACECO
Because it is the time of year when you may be planning your next golf outing or tournament, we urge you to check out our Holein-One partner, ACECO.

Now you can offer jaw-dropping prizes at your golf tournaments—like new cars or exotic vacations—for just a few hundred dollars.

ACECO will pay for your sponsored prize when a lucky player aces the target hole at your golf tournament. They assume all the financial responsibility and you enjoy the favorable publicity. For

more information and to purchase insurance for your next contest see the enclosed flyer and/or go to NYSADA.com and click on ACECO Hole-in-One Insurance and follow the easy online steps to

quote and buy.

For questions, please call (518) 463-1148 and ask for Peter Marthy (ext. 206).

 



Join us November 18th – 22nd for our 92nd Annual Convention and Business Meeting at Disney's Grand Floridian Resort and Spa.  For more information, please call Jennifer Davis at 518-463-1148 ext. 326.

Get Reduced tickets here
 Watch the video

 

NYSADA News
NYSADA Proposed DMV Secure POA Becomes Reality
Created by NYSADA Staff in 4/7/2015 1:20:16 PM

Today, the DMV announced that the Secure Power of Attorney program officially begins. For years NYS... Read More..


Health Care Reform: Cadillac Tax Still On Schedule for 2018
Created by kenkienzle in 5/4/2015 10:55:07 AM

The “Cadillac Tax” which is part of the ACA (Affordable Care Act) is on schedule to be implemented ... Read More..


Strategies To Managing Workers Compensation Claims/Time-Off – Part 1
Created by kenkienzle in 5/4/2015 10:57:41 AM

For dealers, it can be a challenge to manage workers compensation claims while trying to do many ot... Read More..


Non-Unionized Dealers Take Heed: The NLRB’s “Quickie” Election Rule Is Here
Created by kenkienzle in 5/4/2015 10:59:58 AM

By Sanjeeve DeSoyza, Esq., Bond, Schoeneck & King, PLLC The National Labor Relations Board (“Board”... Read More..


Check Out How the State of New York Has Simplified the Vehicle Bid Process!
Created by kenkienzle in 5/4/2015 11:02:20 AM

At the personal behest of Governor Andrew M. Cuomo and with input from NYSADA, the New York State O... Read More..


NYSADA Team Competes at National Automotive Technology Competition
Created by kenkienzle in 5/4/2015 11:05:22 AM

Recently, the 2015 National Automotive Technology competition was held at the Javits Center in New ... Read More..


FTC Announces Crackdown On Fraud In Auto Industry
Created by kenkienzle in 5/4/2015 11:12:22 AM

The Federal Trade Commission (FTC) and 32 law enforcement agencies recently announced the results o... Read More..


Celebrate the Magic at NYSADA’s 92nd Annual Convention
Created by kenkienzle in 5/4/2015 11:14:58 AM

NYSADA is pleased to announce that we will be celebrating our 92nd Annual Convention and Business M... Read More..


Thank You to the 2015 Gold Club Members
Created by kenkienzle in 5/4/2015 11:16:51 AM

Committee Chairman, George Whalen and NYSADA Chairman, Ron Barton wish to recognize and thank all o... Read More..


NYSADA Proposed DMV Secure POA
Created by kenkienzle in 5/4/2015 11:45:11 AM

Last week, the DMV announced that the Secure Power of Attorney program officially began. For years ... Read More..


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