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TAG SEARCH RESULT: Regulations

July 2017, F&I and Showroom - Feature

A Wolf In Sheep’s Clothing

By Thomas B. Hudson, Esq.

The magazine’s legal wiz reminds dealers and F&I pros why it’s wise to assume every customer knows the bad compliance practices you should have outlawed years ago.

Tags: compliance, F&I manager, GAP, payment packing, Regulations

December 2016, F&I and Showroom - Feature

Is the Dragon Dead?

By Tom Hudson

The magazine’s legal eagle believes the CFPB is more annoyed than wounded by the federal appellate court’s ruling that its single-director structure is unconstitutional.

Tags: CFPB, Court Decision, Finance, Regulations

November 2015, F&I and Showroom - Feature

Defusing the Biweekly Scare

Executives with Smart Payment Plan and US Equity Advantage field questions posed by F&I and Showroom’s Gregory Arroyo.

By Tariq Kamal

The editor and two segment leaders met at Industry Summit to debunk the myths surrounding biweekly payments and uncover the real value of the product.

Tags: biweekly payment, Industry Summit, NADA, Regulations

May 2015, F&I and Showroom - Feature

Take a S.W.O.T. at Success

By David Robertson

Given the many changes taking place in the F&I field, the AFIP’s executive director says a little self-inspection is in order if you hope to win the F&I trifecta.

Tags: AFIP, Consumer Financial Protection Bureau, David Robertson, Federal Trade Commission, rate markup, Regulations

February 2015, F&I and Showroom - Feature

Passing the Compliance Test

By John Lovin

The current regulatory environment demands that dealers take a good hard look at their processes and policies. F&I pro offers some recommendations.

Tags: Auto Lending, compliance, Consumer Financial Protection Bureau, Dodd-Frank Act, Regulations, vehicle service contracts

January 2015, F&I and Showroom - Feature

7 Regulatory Predictions for 2015

By Tom Hudson

The magazine’s resident legal wiz dusts off his crystal ball and offers his regulatory forecast for the coming year.

Tags: ancillary products, arbitration agreements, Consumer Financial Protection Bureau, Federal Trade Commission, FTC, Regulations, Tom Hudson

December 2014, F&I and Showroom - Feature

Mama’s Menu

By Michael Benoit

The magazine’s legal wiz says regulations don’t offer much guidance when it comes to F&I menu usage. But he says there’s an unofficial rule F&I managers should consider.

Tags: Federal Trade Commission, Hudson Cook LLP, Michael Benoit, Regulations

October 2014, F&I and Showroom - Feature

Delivering the Beef

By Dave Robertson

The AFIP’s executive director opens up about what he hopes to accomplish when he meets with the top brass at the CFPB.

Tags: AFIP, CFPB, F&I, Regulations

October 2014, F&I and Showroom - Feature

Preparing for the Advertising Police

By Joel Winston

A former FTC official and current partner with Hudson Cook LLP issues a warning about dealer advertising.

Tags: Deceptive Advertising, Federal Trade Commission, Hudson Cook LLP, Legal, Regulations

October 2014, F&I and Showroom - Feature

4 Steps to CFPB Compliance

By David Childers and Patty Covington

Compliance pros lay out a plan for keeping regulators at bay. If followed, the four-step plan may also help with a dealership’s customer-retention efforts.

Tags: CFPB, compliance, Regulations

January 2014, F&I and Showroom - Feature

5 Regulatory Predictions for 2014

By Nicole Munro

The magazine’s legal insider offers her predictions for 2014. None of them should be surprising, but the industry is in for a ride if her forecast is realized.

Tags: arbitration agreements, CFPB, Civil Investigative Demand, Consumer Financial Protection Bureau, discrimination, Regulations

November 2013, F&I and Showroom - Feature

Alphabet Soup

By Nikki Munro

The CFPB, FRB and DOJ joined forces to host a fair lending webinar. The latter two shed some light on their approach to determining rate discrimination, but the CFPB’s standards for determining disparate impact remain a mystery.

Tags: CFPB, compliance, Consumer Financial Protection Bureau, discrimination, Regulations

March 2013, F&I and Showroom - Feature

Red Flag Update Defines 'Creditor'

By Michael A. Benoit

Whatever you’ve heard about the Red Flags Rule, the FTC’s weapon against identity theft is still in play for most dealers. But there are some changes to consider.

Tags: automotive, FTC, Hudson Cook, identity theft, Law, Legal, Michael A. Benoit, prevention, Regulations

June 2006, F&I and Showroom - Feature

F&I’s High-Value Role in the Dealership

By Ronald J. Reahard

F&I professionals are well positioned to take a leadership role in the dealership because of their range of knowledge. Valuable managers try to help everyone involved in the sale and purchase of a new vehicle.

Tags: AFIP, credit reports, F&I manager, F&I professional, fraud, identity theft, Regulations

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Blog

So Here's the Deal

Ronald J. Reahard
Addressing F&I’s Internet Problem

By Ronald J. Reahard
A frustrated F&I manager poses an increasingly common question: How do you sell protection products to customers who demand the final price by phone and then show up with a bank check?

(Video) Selling Eight Products Without Losing the Customer

By Ronald J. Reahard
Is offering eight products a bad idea? The magazine’s resident F&I pro says it depends on the producer and the presentation.

He Had a Goal: Remembering David Ressler

By Ronald J. Reahard

[Video] Selling to Short-Term Owners

By Ronald J. Reahard

Done Deal

Gregory Arroyo
Change Is Happening

By Gregory Arroyo
Saddened by the potential loss of another piece of his childhood, the editor tries to put the pieces together when he realizes there’s a good lesson to be learned in a toy retailer’s likely demise.

Who Will Take Up the CFPB's Torch?

By Gregory Arroyo
The CFPB’s acting director tells state regulators there will no longer be ‘regulation by enforcement,” but the editor believes there’s a long list of regulators waiting to take up the torch.

Military Lending Act Guidance: The Gift That Keeps On Giving

By Gregory Arroyo

Resolution Needed

By Gregory Arroyo

Mad Marv

Marv Eleazer
Overcome Your F&I Weaknesses

By Marv Eleazer
His Madness issues a challenge to every F&I professional: Eradicate your bad work habits, diversify your lender spread, and check your God complex at the door.

Proper Deal Structure Moves Mountains

By Marv Eleazer
His Madness has a simple but powerful piece of advice for newbie F&I managers and those struggling to adapt to the way finance sources are rating credit-challenged car buyers.

Show Us Some Love

By Marv Eleazer

Chargeback Prevention

By Marv Eleazer

On the Point

Jim Ziegler
Sharpen Your Survival Skills

By Jim Ziegler
‘Da Man’ has a plan you can use to survive the collapse of the car business and remain profitable through the dealer apocalypse.

Sales Rock Stars Still Exist

By Jim Ziegler
Da Man says $40,000-a-month sales rock stars still exist. He says you’ll find them on YouTube and Facebook Live.

The New Stooges

By Jim Ziegler

Is Your Quick Lube Driving Away Business?

By Jim Ziegler