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Unloading the Fair Credit Program

Compliance expert examines the Fair Credit Program and its influence on dealers.

https://www.fi-magazine.com/367744/unloading-the-fair-credit-program
Manage the Red Flags Process, Not the Report

A dealership sold and financed a vehicle to an identity thief, even after seven red flags were identified. Truly managing the process means vetting and...

https://www.fi-magazine.com/366122/manage-the-red-flags-process-not-the-report
Compliance Is Not a Program Du Jour

If you do not have a CMS and continuous monitoring in place now, today is a good day to start.

https://www.fi-magazine.com/364472/compliance-is-not-a-program-du-jour
But … the System is Down

Most dealers rely on one or more software providers to manage and document all their transactions and many businesses count on a robust disaster recovery...

https://www.fi-magazine.com/363163/but-the-system-is-down
Lessons From the Lockdown

Where we had previously been moving at a sloth pace to digitize the entire buying process, the auto industry is accelerating many processes in response to...

https://www.fi-magazine.com/362933/lessons-from-the-lockdown
Lessons From an I-Team Investigation

A dealership was recently discovered to have a prevalent policy and practice of inflating consumers’ incomes to obtain finance source approvals. Reading...

https://www.fi-magazine.com/362798/lessons-from-an-i-team-investigation
Prepare for Financing Contraction

While the processes necessary to complete digital remote deliveries have been available for a while, dealers were slowly transitioning from paper-driven to...

https://www.fi-magazine.com/361287/prepare-for-financing-contraction
Ferreting Out Fake Paystubs

Do you know how to vet a paystub for legitimacy? These 10 tips can help you catch the phonies.

https://www.fi-magazine.com/361038/ferreting-out-fake-paystubs
Compliance Isn’t Just for the Finance Office

We should call it transaction compliance, rather than F&I compliance.

https://www.fi-magazine.com/360461/compliance-isnt-just-for-the-finance-office
Shortcuts and Compliance Are Not Complementary

Compliance expert lists four shortcuts no sales or F&I professional should take in 2020. Spoiler alert: Forging the customer’s signature is still a federal...

https://www.fi-magazine.com/359854/shortcuts-and-compliance-are-not-complementary


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