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

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Assurant Acquires American Financial & Automotive Services
EFG’s New Flagship VSC Increases Penetration up to 15 Percent through 25 Million Term Options
Here We Go Again
Reinsurance: The Ultimate Key Manager Retention Tool
RouteOne Adds Hyundai Capital America Finance and Insurance Products to eContracting Platform

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

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The Digital Revolution is Upon Us
Non-Excuses for Non-Compliance
Cupcakes and Etch
An Interview with Lloyd Trushel
How Credit Technology Can Empower Your Customers 

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

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Lessons From an I-Team Investigation
Here We Go Again
Stealing Cars, Chasing Fraud
How Automotive Lenders Can Remain Successful During Economic Downturns
Drive to Digital Demands Synthetic Identity Fraud Solutions

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

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When The Federal Trade Commission Speaks, Dealers Should Listen
Reigning in Franken-agency
The Top 5 (Non-COVID) Developments In Dealership Employment Law
Here We Go Again
Statement Regarding USEA’s Settlement with the CFPB

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

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Biden Asks Consumer Protection Chief Kraninger To Step Down
Reigning in Franken-agency
New Supreme Court Ruling Could Result In Challenges Within CFPB
Compliance Is Not a Program Du Jour
When The Federal Trade Commission Speaks, Dealers Should Listen

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

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Lessons From an I-Team Investigation
When The Federal Trade Commission Speaks, Dealers Should Listen
The FTC Suggests We Buckle Up
Here We Go Again
LendingTree Taps Fair as First Flexible Used Car Lease Option in Online Marketplace

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

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FTC to Host Virtual “Back-to-Basics” Advertising and Data Security Workshop for Small Businesses
When The Federal Trade Commission Speaks, Dealers Should Listen
Reigning in Franken-agency
The FTC Suggests We Buckle Up
Are There Hidden Dangers at Your Store?

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

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Here We Go Again
When The Federal Trade Commission Speaks, Dealers Should Listen
Biden Asks Consumer Protection Chief Kraninger To Step Down
Reigning in Franken-agency
Online Automotive Retailing Takes a Major Step Forward with AutoFi’s Lending as a Service

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

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Reigning in Franken-agency
Here We Go Again
When The Federal Trade Commission Speaks, Dealers Should Listen
Biden Asks Consumer Protection Chief Kraninger To Step Down
New Supreme Court Ruling Could Result In Challenges Within CFPB

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

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Here We Go Again
Reigning in Franken-agency
When The Federal Trade Commission Speaks, Dealers Should Listen
Statement Regarding USEA’s Settlement with the CFPB
NADA Chairman Rhett Ricart: We’ve Got This