Kicking the Tires on Kentucky: SB 158 and the Add-On Product Revolution — Moving the Metal: The Auto Finance Podcast
Empire State of Scrutiny: The New York FAIR Act and Auto Lending — Moving the Metal: The Auto Finance Podcast
In this episode of Moving the Metal: The Auto Finance Podcast, hosts Brooke Conkle and Chris Capurso are joined by partner Brian Casey to unpack Kentucky SB 158, a new law creating a comprehensive framework for vehicle...more
Tennessee AG Jonathan Skrmetti reached an $11.1 million settlement with Mariner Finance resolving allegations that the company violated the Consumer Financial Protection Act and other consumer protection laws through...more
The UK Competition and Markets Authority (CMA) concluded that two nationwide driving school providers, AA and BSM, advertised driving lesson prices not reflective of the true cost....more
The FTC and the Maryland Attorney General’s Office announced that Lindsay Automotive Group (“Lindsay”) must pay refunds to consumers the government officials said were misled by Lindsay, under a settlement reached with the...more
In many platform acquisitions (particularly in search funds, entrepreneurship through acquisition (ETA) transactions, and independent sponsor deals), adding a “strategic equity partner” is framed as a clear positive....more
A new lawsuit filed in mid‑March 2026 by New York Attorney General Letitia James, joined by a bipartisan coalition of 12 other state attorneys general (AGs), challenges the sale of loan add‑ons and related refinancing...more
On April 3, Kentucky enacted SB 158, a comprehensive statute governing products that offer benefits in connection with personal property, with a particular focus on add‑on products sold with vehicle finance and lease...more
In the private equity lifecycle, value is ultimately realized at exit. Whether selling to a larger sponsor or a strategic buyer, the exit diligence process will involve forensic review, not only of the platform itself but of...more
Last week, attorneys general from 13 states filed a federal lawsuit in the Southern District of New York against OneMain Financial (OneMain) and affiliated companies, alleging deceptive and unfair practices related to the...more
A bipartisan coalition of thirteen state AGs filed a complaint in the Southern District of New York against one of the nation's largest non-bank installment lenders, alleging a scheme to pack consumer loans with undisclosed...more
To help businesses, investors, and deal professionals better understand the evolving independent sponsor landscape, Robert Connolly—a partner in LP’s Corporate Practice Group and leader of LP’s Independent Sponsor team—shares...more
In this episode of Moving the Metal: The Auto Finance Podcast, hosts Brooke Conkle and Chris Capurso are joined by New York-based colleagues Bill Foley and Joe DeFazio to unpack the newly enacted New York FAIR Act (Fostering...more
To help businesses, investors, and deal professionals better understand the evolving independent sponsor landscape, Robert Connolly – a partner in LP’s Corporate Practice Group and leader of LP’s Independent Sponsor team –...more
New York City’s consumer regulator has long been part of the local compliance backdrop. It now deserves sustained, strategic attention. ...more
On October 6, 2025, California governor Gavin Newsom signed into law the “California Combating Auto Retail Scams” or “CARS” Act. Effective October 1, 2026, the California CARS Act will impose substantial new disclosure...more
On October 6, Governor Gavin Newsom signed into law the California Combating Auto Retail Scams (CARS) Act. This legislation aims to fortify consumer protections and enhance transparency in the car-buying process. The...more
On December 19, 2024, the Federal Trade Commission announced a proposed $20 million settlement with Leader Automotive Group and its parent company, AutoCanada, to resolve claims brought by the FTC and the State of Illinois....more
Below is his conversation with Jordan Gerber, a Managing Director at Caber Hill Advisors, an M&A advisory firm that focuses on helping privately-held, middle-market businesses transact with strategic or private-equity-backed...more
To help businesses, investors, and deal professionals better understand the evolving private equity landscape in the lower middle market, Rob Connolly – a partner in and leader of LP’s Corporate Practice Group – shares a...more
One of the country’s largest automotive retailers filed suit against the Federal Trade Commission (“FTC”) on October 4, arguing that the Supreme Court’s recent landmark decision in Securities and Exchange Commission v....more
On October 7, the Consumer Financial Protection Bureau (CFPB or Bureau) published the Fall edition of its Supervisory Highlights, focusing on examinations of the auto-finance market completed between November 1, 2023, and...more
Pennsylvania AG Michelle Henry announced that six additional states have joined a lawsuit against lending company Mariner Finance, LLC, which was first filed by Pennsylvania and five other AGs in 2022. The bipartisan...more
A lengthy decision recently issued by the U.S. District Court for the Eastern District of Pennsylvania, Pennsylvania by Shapiro v. Mariner Fin., LLC, No. CV 22-3253, 2024 WL 169654 (E.D. Pa. Jan. 12, 2024) (Hodge, J.), may...more
On December 12, 2023, the Federal Trade Commission (FTC) announced it has finalized the Combating Auto Retail Scams Rule (CARS Rule), which imposes various obligations affecting dealers’ sales practices and will also impact...more
On December 12, 2024, the Federal Trade Commission (“FTC”) announced its Combating Auto Retail Scams Rule, otherwise known as the “CARS Rule,” setting new requirements on the sale, financing, and leasing of vehicles by motor...more