ATF let hundreds of U.S. weapons fall into hands of suspected Mexican gunrunners

By John Solomon, David Heath and Gordon Witkin

Front-line agents and Sen.Charles Grassley are sharply questioning a federal investigation that allowed hundreds of guns to move across the

Excerpts from this story referencing "dealer":

"… about 1,765 firearms over the 15 months of the operation to pass from gun dealers to the suspected straw buyers that were the accomplices of the gun runnin …"

"… 0.00) cash in over-the-counter transactions at various Phoenix area” gun dealers, the memo said.Some of the field agents became increasingly incensed."Not …"

"… pened. We're monitoring the same buyers buying the same guns from the same dealers at the same rate and we're not stopping any of it," Dodson recalled.Notat …"

"… Credit: Matt York/Associated PressDodson said some of the cooperating gun dealers who sold weapons to the suspects at ATF's behest initially had concerns a …"

Green bundler with the golden touch

By Ronnie Greene and Matthew Mosk

Investor Steve Westly straddles the worlds of venture capital, presidential fundraising and government advising

Excerpts from this story referencing "Matt Tucker":

"… ve helped us in a billion ways, but never in a municipal contract,” said Matt Tucker, RecycleBank’s president. “He’s very focused on financials for us. …"

With 6 car dealers in Congress, industry revs up horsepower on Capitol Hill

By Kimberly Leonard

Car dealers rev up horsepower on Capitol Hill

Excerpts from this story referencing "dealer":

"… itting their donations nearly evenly between Democrats and Republicans. …"

"… Congress approved a financial reform bill that specifically exempted auto dealers’ financing from regulation.The newly sworn-in Congress has six members …"

"… in Congress has six members — all Republicans — who currently own auto dealerships or have in the recent past. That is double the number of car dealers …"

"… o dealerships or have in the recent past. That is double the number of car dealers who served in the last Congress and troubles consumer groups who worry th …"

Advertisement

Buyer beware

By David Heath

New consumer agency powerless against dishonest auto lending practices

Excerpts from this story referencing "dealer":

"… gh-pressure tactics of its own. Chief among them is the “yo-yo,” where dealers let buyers drive a new car home in hopes of locking them into a deal and …"

"… ans, fueling a market aimed at the most vulnerable consumers and relieving dealers of the risks of making bad loans. The end result is that financial incent …"

"… problem because a lot of fairly unsophisticated people buy cars from auto dealers,” said Rep. Barney Frank, a Massachusetts Democrat who co-authored the …"

"… Moses and court documents. She learned through court proceedings that the dealer, Automax Hyundai South, routinely got duplicate “certificates of origin …"

After decade of inaction, FTC holds meeting on auto financing concerns

By David Heath

After decade of inaction, FTC holds meeting on auto financing concerns

Excerpts from this story referencing "dealer":

"… ress blocked a new consumer agency from overseeing loans made by auto dealers last summer, it also gave an old agency – the Federal Trade Commission …"

"… hted in the Center for Public Integrity’s investigation of how auto dealers borrowed financing techniques from the playbook used by mortgage lenders. …"

"… wed financing techniques from the playbook used by mortgage lenders.“The dealer has a significant amount of influence over the terms and availability of c …"

"… up surveyed 1,000 consumers and found 85 percent of them did not know auto dealers could charge a higher interest rate than what they qualified for, he said …"

Report: Car loans include billions in undisclosed charges

By Keith Epstein

Beyond regulation, auto lenders charge billions in hidden rate markups

Excerpts from this story referencing "dealer":

"… onsible Lending report examines hidden rate markups, the interest rate car dealers can add to loans on top of the rate consumers qualify for based on their …"

"… t history. Because of such markups, consumers who financed a car through a dealership in 2009 will pay more than $25.8 billion in extra interest over the li …"

"… ar being repossessed go up by 33 percent.The group also said it found that dealers are more likely to charge higher markups to consumers with weaker credit …"

"… wers may have an additional undisclosed 5 percent kickback included by the dealer.“Even for consumers who financed a vehicle through a dealer with a self- …"

Advertisement

Bank of America, tech VP clash over money-laundering detection

By Michael Hudson

Bank of America Corp. faces myriad disputes with whistleblowers, state attorneys general, and homeowners after surviving the U.S. financial

Excerpts from this story referencing "dealer":

"… ts from 1989 to 2007 despite media accounts that he was a billionaire arms dealer under criminal prosecution in France since 2000. (The Center’s Internati …"

Gun shy: Firearms dealer worried ATF would let weapons slip to bad guy

By John Solomon

Arizona firearms dealer worried guns involved in ATF sting would end up with bad guys

Excerpts from this story referencing "dealer":

"… he ATF says neither of these firearms fired the fatal shots. …"

"… ohol, Tobacco, Firearms and Explosives and federal prosecutors assured the dealer in e-mails that they were “continually monitoring the suspects” who en …"

"… e scene of a murdered Border Patrol agent – an outcome that the firearms dealer specifically feared, according to the e-mails.The e-mails and testimony ga …"

"… -mails gathered by Grassley’s investigators redacted the name of the gun dealer in question to protect the store from possible retribution by Mexican gang …"

Auto dealers maneuver for exemption in financial reform bill

By Michael Hudson

In Arizona, Hector Maldonado says he ran into trouble with his bosses because he objected to what he claims was his employer’s habit of faki

Excerpts from this story referencing "dealer":

"… weren’t employed in the subprime mortgage business. They worked for car dealers.They are among 20 former auto dealership insiders from Arizona, Californi …"

"… rtgage business. They worked for car dealers.They are among 20 former auto dealership insiders from Arizona, California, Florida, Michigan, Illinois and Haw …"

"… e to agreement on the final shape of a sweeping financial reform bill, car dealers and their critics are clashing over whether the dealers should be excused …"

"… l reform bill, car dealers and their critics are clashing over whether the dealers should be excused from oversight by the consumer-protection bureau.Congre …"

Main Street or Wall Street?

By Michael Hudson

In arguing against tougher regulation of car dealers, Kansas Republican Sen. Sam Brownback insisted they didn’t belong in the broad financia

Excerpts from this story referencing "dealer":

"… credit unions do not offer.” …"

"… ed they didn’t belong in the broad financial reform legislation. “Auto dealers are a part of Main Street, not Wall Street, and they are not responsible …"

"… mers through captive finance companies, credit unions, and banks. … Auto dealers do not obtain financing from Wall Street investment firms.”Consumer gro …"

"… financial liquidity provided by Wall Street banks and investors.Many auto dealers are intimately linked with Wall Street through the auto loan-backed secur …"

Pages