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Who Will Take Up the CFPB's Torch?

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.

March 12, 2018

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.

Tags: attorney general, auto finance, CFPB, compliance, F&I manager, National Association of Attorneys General

Author: Gregory Arroyo | Posted @ Monday, March 12, 2018 3:45 PM | » Comments(0)

Military Lending Act Guidance: The Gift That Keeps On Giving

Thanks could be in order when the industry gets together for NADA 2018, as the editor hears that a resolution to the Military Lending Act controversy isn’t far off.

March 8, 2018

Thanks could be in order when the industry gets together for NADA 2018, as the editor hears that a resolution to the Military Lending Act controversy isn’t far off.

Tags: American Financial Services Association, auto finance, compliance, Department of Defense, Hudson Cook LLC, Military Lending Act, NADA, National Automobile Dealers Association, Robert Wilkie

Author: Gregory Arroyo | Posted @ Thursday, March 8, 2018 5:01 PM | » Comments(1)

Resolution Needed

The editor shares some insider information regarding the industry’s efforts to get the Defense Department to reconsider last month’s interpretive rule regarding the sale of GAP and credit insurance to military consumers.

February 6, 2018

The editor shares some insider information regarding the industry’s efforts to get the Defense Department to reconsider last month’s interpretive rule regarding the sale of GAP and credit insurance to military consumers.

Tags: auto finance, compliance, credit-protection product, Department of Defense, GAP, Military Lending Act

Author: Gregory Arroyo | Posted @ Tuesday, February 6, 2018 9:40 AM | » Comments(1)

It Is Unwise to Lower Your Defenses

The editor wonders how regulators, including two new mini-CFPBs in Pennsylvania and Maryland, view a consumer advocacy group’s highly critical report on how dealers price F&I protections.

November 14, 2017

The editor wonders how regulators, including two new mini-CFPBs in Pennsylvania and Maryland, view a consumer advocacy group’s highly critical report on how dealers price F&I protections.

Tags: auto finance, compliance, Consumer Financial Protection Bureau, Dodd-Frank Act, Hudson Cook, National Consumer Law Center

Author: Gregory Arroyo | Posted @ Tuesday, November 14, 2017 3:59 PM | » Comments(0)

What's Really Behind the Subprime Pullback?

One F&I insider says there’s more to the subprime pullback than the recent uptick in delinquencies. He says regulators are the real reason finance sources are so risk-averse.

October 10, 2017

One F&I insider says there’s more to the subprime pullback than the recent uptick in delinquencies. He says regulators are the real reason finance sources are so risk-averse.

Tags: auto finance, compliance, Consumer Financial Protection Bureau, F&I office

Author: Gregory Arroyo | Posted @ Tuesday, October 10, 2017 4:05 PM | » Comments(0)

Righting a Wrong

The editor gets called out by a reader about a cash-conversion technique he detailed in the magazine’s June issue.

July 6, 2016

The editor gets called out by a reader about a cash-conversion technique he detailed in the magazine’s June issue.

Tags: Ally, Cash Conversion, compliance, GM Financial, training

Author: Gregory Arroyo | Posted @ Wednesday, July 6, 2016 3:19 PM | » Comments(0)

Interview With the Regulator

After stumbling out of the gate in his long-awaited interview with a former CFPB official, the editor discovers the regulator was more than willing to talk.

April 30, 2014

After stumbling out of the gate in his long-awaited interview with a former CFPB official, the editor discovers the regulator was more than willing to talk.

Tags: CFPB, compliance, Rick Hackett

Author: Gregory Arroyo | Posted @ Wednesday, April 30, 2014 10:03 AM | » Comments(0)

Debunking Base Payment Myths

December 7, 2012

The editor searches for the origins of a mythical menu requirement and explains how even nonexistent rules can help promote compliance.

Tags: compliance, Done Deal, F&I, F&I menu, Gregory Arroyo, mobile menu, myth

Author: Gregory Arroyo | Posted @ Friday, December 7, 2012 1:43 PM | » Comments(3)

Watch for the Newsmaker

June 7, 2012

Dealers are looking over their shoulders for signs of federal regulators, and rightly so. But the greater threat lives closer to home.

Tags: BHPH dealer, CFPB, compliance, Dodd-Frank Act, Done Deal, F&I, Federal Trade Commission, FTC, Manas Mohapatra, regulation

Author: Gregory Arroyo | Posted @ Thursday, June 7, 2012 3:29 PM | » Comments(1)

F&I Takes Center Stage

Establishing a better connection between the F&I office and today's Internet customer was top of mind at this year's annual dealer conference.

February 6, 2012

Establishing a better connection between the F&I office and today's Internet customer was top of mind at this year's annual dealer conference. Word in the aisle ways is that solutions aimed at doing just that will be hitting the market this summer.

Tags: compliance, F&I products, NADA, NADA Convention & Expo, new-vehicle sales, Vehicle Finance Conference, virtual F&I office, Wells Fargo

Author: Gregory Arroyo | Posted @ Monday, February 6, 2012 2:11 PM | » Comments(0)

Under the Microscope

Word of a recent newspaper article on the world of BHPH dealers had the editor up in arms — well, until he read the story.

December 1, 2011

Word of a recent newspaper article on the world of BHPH dealers had the editor up in arms — well, until he read the story.

Tags: bhph, buy here, CFPB, compliance, Consumer Financial Protection Bureau, pay here

Author: Gregory Arroyo | Posted @ Thursday, December 1, 2011 2:40 PM | » Comments(1)

Companies Ramping Up Risk-Based Pricing Solutions

December 14, 2010

The Risk-Based Pricing Rule's "go live" date of Jan. 1, 2011 is quickly approaching. Will you be ready to comply with the FTC's new rule?

Tags: compliance, CoreLogic Credco, Credit Scores, Dealertrack, Federal Trade Commission, Reynolds & Reynolds, Risk-Based Pricing Notices, RouteOne

Author: Gregory Arroyo | Posted @ Tuesday, December 14, 2010 1:14 PM | » Comments(1)

F&I’s Code Red

December 1, 2010

Do you disclose the base payment on your menu? If you don’t, the editor lends his thoughts on why you should.

Tags: compliance, payment packing, Regulation Z

Author: Gregory Arroyo | Posted @ Wednesday, December 1, 2010 10:41 AM | » Comments(2)

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