Categories: Compliance, Digital, F&I

Prince Automotive Group is proof that operating high-performance finance departments while maintaining the highest level of ethical practices is possible....

https://www.fi-magazine.com/351199/fi-pacesetters-prince-automotive-group

Categories: Auto Finance, Compliance, F&I

Bob Moore Buick GMC is a process-driven machine, but that’s just one of the reasons the Oklahoma dealership’s F&I department is putting up big numbers. It's...

https://www.fi-magazine.com/351198/fi-pacesetters-bob-moore-buick-gmc

Categories: Auto Finance, Compliance, Dealer Ops, F&I

According to the U.S. Attorney’s Office, Hallman Chevrolet falsified loan documents as well as costume jewelry brought in by customers as collateral for...

https://www.fi-magazine.com/351032/pa-dealer-agrees-to-pay-2-1-million-to-end-prosecution-into-bank-fraud

Categories: Auto Finance, Compliance, Dealer Ops, F&I

A coalition of 14 attorneys general warned CFPB Acting Director Mick Mulvaney against taking any action to reinterpret ECOA as not providing for disparate...

https://www.fi-magazine.com/351037/ag-coalition-cfpb-has-no-authority-to-overrule-high-courts-ecoa-interpretation

Categories: Auto Finance, Compliance, Dealer Ops, F&I

The U.S. Senate Banking Committee narrowly approved the nomination of Kathy Kraninger to head the Bureau of Consumer Financial Protection. The vote sends...

https://www.fi-magazine.com/351059/senate-committee-narrowly-confirms-trumps-pick-to-head-bcfp

Categories: Auto Finance, Compliance, Dealer Ops, F&I

According to the regulator, this was the FTC’s first action alleging income falsification by dealerships. Charged are the owners of Tate’s Auto Group, which...

https://www.fi-magazine.com/351106/ftc-charges-arizona-group-with-falsifying-incomes-on-consumer-credit-apps

Categories: Compliance, Dealer Ops, F&I, Showroom, Training

The compliance sweep, which took place in seven states, is the first since the agency's new Used Car Rule took effect earlier this year. Dealers who failed...

https://www.fi-magazine.com/324056/ftc-12-partner-agencies-conduct-used-car-rule-compliance-sweep

Categories: Auto Finance, Compliance, F&I

F&I tracks the rise and fall of the Consumer Financial Protection Bureau’s aggressive but ultimately futile five-year assault on dealer participation.

https://www.fi-magazine.com/311177/special-report-unwinding-the-cfpb

Categories: Auto Finance, Compliance, Dealer Ops, F&I

The president’s signature comes exactly five years and two months after the bureau put the auto finance industry on notice with its controversial guidance...

https://www.fi-magazine.com/323939/trump-signs-repeal-of-cfpbs-dealer-participation-guidance

Categories: Auto Finance, Compliance, Dealer Ops, F&I

As expected, the House approved the resolution of disapproval of the CFPB's guidance on dealer participation. With the Senate having voted on the resolution...

https://www.fi-magazine.com/323920/house-approves-resolution-to-repeal-cfpbs-dealer-participation-guidance