July 14, 2017 - Industry News
F&I Express’ Brian Reed will lead a presentation designed to establish improved lines of communication between leading executives in the auto finance and F&I product provider segments.
Tags: CFPB, compliance, F&I Express, F&I products, GAP, P&A Leadership Summit
July 13, 2017 - Industry News
The Guaranteed Asset Protection Alliance, a lobbying group made up of GAP providers, administrators and finance sources, was instrumental in getting two of the three laws passed — the most recent state to adopt its model act being Maine.
Tags: compliance, F&I products, GAP, GAPA, GAPWise, Guaranteed Asset Protection Alliance, insurance, Regulations, Rob Berger, Timothy Meenan, Wise F&I
July 10, 2017 - Industry News
The new rule is set to take effect 60 days after publication in the Federal Register. It comes more than two years after the bureau studied mandatory arbitration clauses and one year after it proposed to ban such clauses in consumer finance contracts.
Tags: arbitration agreements, auto finance, CFPB, CFPB study, compliance
July 7, 2017 - Industry News
Attorney, compliance expert and former regulator Terry O’Loughlin will deliver a featured presentation devoted to Rules and Regulations at the upcoming Dallas Compliance Summit.
Tags: compliance, Compliance Summit, Reynolds & Reynolds, Terry O'Loughlin
Attorney, compliance expert and former regulator Terry O’Loughlin will deliver the opening luncheon keynote address to attendees of Compliance Summit, Lender Summit and the P&A Leadership Summit.
July 5, 2017 - Industry News
Special finance guru Greg Goebel will deliver the evening keynote address to a combined audience of Industry Summit and P&A Leadership Summit attendees.
Tags: DealerStrong, Greg Goebel, Industry Summit, special finance, Special Finance Conference
June 29, 2017 - Industry News
Attorney and Mosaic Compliance Services cofounder Jim Ganther will deliver a featured presentation on Easy-to-Implement Processes and Controls at Compliance Summit in September.
Tags: CFPB, CMS, complaint management system, compliance, compliance management system, Compliance Summit, digital retailing, Industry Summit, James Ganther, online F&I
June 22, 2017 - Industry News
American Financial’s John Vecchioni will return to Industry Summit as the event’s master of ceremonies.
Tags: American Financial & Automotive Services, F&I Think Tank, F&I training, Industry Summit, John Vecchioni
Industry Summit will once again play host to the Special Finance Conference, the industry’s premier SF training event.
Tags: auto finance, Greg Goebel, Special Finance Conference, subprime, used-vehicle sales
June 21, 2017 - Industry News
Veteran trainer and compliance expert Gil Van Over will deliver a luncheon presentation dedicated to ‘Your Responsibilities’ at Dallas Compliance Summit in September.
June 20, 2017 - Industry News
The Academy’s Tony Dupaquier will serve as emcee of F&I Think Tank, organizers announced this week. The trainer and F&I futurist will be responsible for guiding the discussions during the F&I 20 Group-like event.
Tags: dealer, digital retailing, F&I director, F&I manager, F&I process, F&I Think Tank, Industry Summit, Objection Handling, online F&I
June 13, 2017 - Industry News
Four days after the U.S. House passed a bill aimed at reversing a number of Dodd-Frank financial regulations and scaling back the CFPB’s authority, the Treasury Department recommended that the bureau’s powers be reduced in a report containing more than 100 suggestions for financial reform.
Tags: auto finance, CFPB, compliance, Consumer FInancial Protection Bureau, dealer markups, dealer participation, Dodd-Frank Act
June 8, 2017 - Industry News
F&I and Showroom’s Gregory Arroyo will chair the 20 Group-like event, which will close out Industry Summit 2017 on Sept. 14. This year’s theme: ‘Making F&I Great Again.’
Tags: Career Advice, F&I director, F&I manager, F&I process, F&I products, F&I Think Tank, F&I training, Industry Summit
June 7, 2017 - Industry News
UDS’s Brian Crisorio and Auto Dealer Today’s Tariq Kamal will serve as co-show chairs for this year’s Compliance Summit.
Tags: auto finance, compliance, Compliance Summit, F&I manager, F&I office, Industry Summit
June 5, 2017 - Industry News
The income development company earned a Diamond award in F&I Training and Platinum in the Compliance Training category of Auto Dealer Today’s 2017 Dealers’ Choice Awards, which are voted on by dealers and dealership personnel.
Tags: Auto Dealer Today, compliance, Dealers' Choice Awards, F&I training, UDS
May 30, 2017 - Industry News
Michigan's U.S. senators are backing a proposal that would allow automakers to apply credits for model years as far back as 2009 to help them meet future standards to require their car and truck fleets to average 41 miles per gallon by 2021, reports the Detroit News.
Tags: CAFE Standards, Donald Trump, Elected Leaders, EPA, Fuel Economy, Michigan
May 24, 2017 - Industry News
By a three-to-one margin, voters surveyed in seven key battleground states said they prefer a bipartisan commission over a single director.
Tags: CBA, CFPB, compliance, Consumer FInancial Protection Bureau
May 10, 2017 - Industry News
Thirteen finance sources representing a third of U.S. auto finance originations met last week to take a bite out of the estimated $6 billion in annual fraud losses.
Tags: auto finance, bank fraud, compliance, PointPredictive, Santander Consumer USA
April 26, 2017 - Industry News
Security National Automotive Acceptance Co. agreed to pay $1.25 million to settle the bureau's charges that it failed to pay $2.275 million in consumer redress for illegal debt-collection tactics under the regulator's October 2015 order. But the company did so without admitting to the CFPB's finding, company officials said.
Tags: auto finance, CFPB, compliance, Security National Automotive Acceptance Corporatio, SNAAC
April 25, 2017 - Industry News
An investigation by the state regulator found hundreds of vehicles were sold with serious safety recall issues, including unintended acceleration, airbag problems, vehicle fires, steering and break lost, among other issues.
Tags: compliance, Eric Schneiderman, New York, used-vehicle sales, vehicle recall
April 19, 2017 - Industry News
A new white paper from F&I Express proposes an automated solution to issues inherent to the F&I product cancelation process.
April 7, 2017 - Industry News
A day after House Republicans called for the dismissal of CFPB Director Richard Cordray, the American Financial Services Association called on Congress to reform the bureau’s practices and amend its structure.
Tags: arbitration agreements, auto finance, CFPB, dealer participation, Disparate Impact, Jeb Hensarling, Richard Cordray
March 23, 2017 - Industry News
The Department of Consumer Affairs (DCA) has filed charges against Queens-based Major World and its three used-vehicle dealerships for allegedly employing deceptive financing and sales practices that targeted low-income and immigrant consumers.
Tags: Deceptive Advertising, Department of Consumer Affairs, fraud, Major World, powerbooking
March 21, 2017 - Industry News
In an amicus brief filed last Friday, the Justice Department called on the D.C. Circuit Court to uphold the appellate court's 2-1 ruling in a New Jersey-based mortgage company's closely-watched challenge of the CFPB's authority. The agency says it agrees with the court's unconstitutional ruling and 'at-will' remedy.
March 14, 2017 - Industry News
The more than 1,000 credit unions on CU Direct’s lending platforms maintained their No. 2 spot on Experian’s auto finance leaderboard in January. And with plateauing demand for new vehicles expected to drive up pre-owned sales, the market appears ripe for credit unions to reap further market share gains.
Tags: auto finance, Credit Unions, CUDL, powerbooking
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