Oklahoma Independent Automobile Dealers Association

Serving Oklahoma Independent Dealers Since 1955

All rights reserved © 2014 ADR of OklahomaTM

FTC

CFPB

OFAC (SDN List)

NHTSA Recalls

IRS (Small Business)

Dept. Of Labor

OIADA Home >> Industry News

Industry News

Federal Offices

OIADA Home >> Industry News

PassTime and Verifacto Announce Software Integration Partnership  

06/09/2016 - PassTime, a leading provider of GPS and Payment Assurance Technology solutions, and Verifacto, a leading cloud-powered risk management system for independent car dealers, BHPH and auto finance companies, announed the companies have completed a software integration project.


PassTime Prevails in Patent Validity Challenge

03/02/2016 - PassTime, a leading provider of GPS and Payment Assurance Technology solutions, is pleased to announce that the United States Patent and Trademark Office invalidated the entirety of a patent owned by LunarEye and which was the subject of a patent lawsuit claiming infringement by certain PassTime products.


PassTime Announces TRAX 4

10/02/2015 - PassTime announced toay that TRAX 4 - the fourth version of its popular GPS tracking system - has been released. TRAX 4 boasts an all new design and a smaller form factor. TRAX was first introduced in late 2010 as an easy to use GPS tracking solution. Now in its fourth version, the platform continues to be a widely successful piece of PassTime’s product offering.


PassTime Recognized by Inc. Magazine

08/13/2015 - Inc. Magazine placed PassTime on its 34th annual Inc. 5000, an exclusive ranking of the nation’s fastest growing private companies. The list represents the most comprehensive look at the most important segment of the economy - America’s independent entreprreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow, and many other well-known names gained early exposure as members of the Inc. 5000.


GM Expands Ignition Switch Recall

02/25/2014 - General Motors is expanding the recall of certain 2003-2007 model year vehicles to correct a condition with the ignition switch that may allow the key to unintentionally move or switch to the “accessory” or “off” position, turning off the engine and most of the electrical components on the vehicle. With the ignition switch in the “accessory” or “off” position, the airbags will not deploy in the event of an accident.

GM Press release

List of recalled vehicles

Justice Department Alleges “Buy Here, Pay Here” Dealerships Engaged in Illegal Lending Discrimination   [pdf]

01/13/2014 - A joint complaint between the US Dept. Of Justice and the State of North Carolina alleges dealerships in Charlotte, NC, targeted African-American customers for unfair and predatory credit practices that violated Federal and State law. Intentional targeting of minority groups for excessive pricing tactics and failure to disclose the installation of GPS tracking devices are included in the allegations.  

A summary of specific actions giving rise to the allegations is available here.  [pdf]

Former President and Vice President of Diamond Electric Agree to Plead Guilty to Participating in Auto Parts Price-fixing Conspiracy   (DOJ Press Release)

01/31/2014 - Executives plead guilty for their participation in a global conspiracy to fix prices of ignition coils installed in cars sold in the United States and elsewhere, according to the Department of Justice.

Koito Manufacutring Co. Ltd. Agrees to Plead Guiltyto Price Fixing on Automobile Parts Installed in U.S. Cars (DOJ Press Release)

01/16/2014 - Company has agreed to plead guilty of price fixing and will pay a total of $56.6 million in criminal fines to resolve a two-count felony charge resulting from a joint U.S. Dept of Justice and FBI investigation.   

North Carolina Man Sentenced on Odometer Tampering Charges (DOJ Press Release)

12/20/2013 - Francis Marimo was sentenced to serve 18 months in prison and one year of supervised release in connection with an odometer tampering scheme. Marimo was also ordered to pay $190,845 in restitution.

Industry News

OFAC (Search)

ADVERTISEMENT

Call


OIADA

1.800.346.4232


O&R Morgan, Inc.

$25,000

$25,000

$50,000

$30,000

$306

$306

$613

$525

2-Year Dealer Bond Rates