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Texas DMV Closes Case Against CarGurus

AUSTIN, Texas — On Monday, the Texas Department of Motor Vehicles Enforcement Division determined that CarGurus’ online advertisements are now in compliance with state law — after the vehicle-shopping site revised its practices. In April, the Texas DMV issued a letter to CarGurus advising that the way it lists used-car prices on its website violated ... Read More »

Texas DMV Halts Plan to Fine Dealers with CarGurus Listings

AUSTIN, Texas — After the Texas Department of Motor Vehicles Enforcement Division took a call from shopping site CarGurus on April 30, the department hit the brakes on its plan to fine dealers who have listings on the CarGurus website. As part of an agreement reached over the phone, CarGurus must submit suggested revisions to ... Read More »

Texas Car Lender Is Accused of Distortion in Subprime Inquiry

The cycle is a familiar one on Wall Street. First comes a lending boom. And then, after the abuses and excesses of a bubble, there is the government crackdown, reported The New York Times. Now, as federal prosecutors and regulators wrap up many of their largest mortgage investigations, they are shifting their focus to another ... Read More »

Toyota Will Shift 4,000 to New Offices in Texas