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Expert lists four all-too-common situations in which failing to understand underwriting guidelines or falsifying required stips — by dealership or finance...
https://www.fi-magazine.com/357177/4-fi-scenarios-that-can-lead-to-bank-fraud
Despite improved industry education and a slew of regulatory enforcement actions, packing payments remains a popular pursuit at dealerships around the...
https://www.fi-magazine.com/356841/proper-desking-prevents-payment-packing
Compliance guru has the processes and auditing outline you need to avoid issues that begin in sales and at the desk, starting with discriminatory pricing.
https://www.fi-magazine.com/356610/when-sales-is-to-blame-for-noncompliance-part-3
Compliance guru urges dealer and F&I directors to take a hard look at the desk, where outdated practices and untamed pencils can lead to charges of...
https://www.fi-magazine.com/356325/when-sales-is-to-blame-for-noncompliance-part-2
Why is it called ‘F&I compliance’ when most concerns arise in the showroom? Expert lists three common issues created by uninformed or undisciplined...
https://www.fi-magazine.com/356006/when-sales-is-to-blame-for-noncompliance-part-1
Are you putting your full compliance team on the field? Expert urges every manager and staff member to do their part to prevent the dealership from...
https://www.fi-magazine.com/355488/play-11-on-11-football
Dealer-lender agreements and federal regulators all have something to say on the subject of income inflation, and ignoring those guidelines can create a...
https://www.fi-magazine.com/355379/stop-grossing-up-fixed-incomes
There is a palpable sense of relief among dealers at the end of the CFPB era, but the FTC, DOJ, and state attorneys general are actively taking up the...
https://www.fi-magazine.com/353945/the-federales-are-watching
The magazine’s resident compliance pro weighs in on one of F&I’s big debates: Is the F&I menu a sales or compliance tool?
https://www.fi-magazine.com/351192/the-big-menu-debate
Master the F&I language by eliminating three groups of inappropriate, inaccurate, and legally explosive words from your vocabulary.
https://www.fi-magazine.com/311178/slurs-cussing-and-misnomers