FARMINGTON HILLS, Mich. — RouteOne will discuss discretionary dealer markup practices during a complimentary compliance webinar on Wednesday, May 21, at 12 p.m. Eastern Time.
“A Dealer’s Guide to the Dealer Pricing Risk Control Program,” the title of the webinar, will provide insights on how dealers manage fair lending compliance issues as outlined by the U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB), officials said.
RouteOne Staff Attorney Joseph Karam and National Business Development Manager Jesse Pappas will guide dealers through RouteOne’s Dealer Pricing Risk Control Program, which is designed to help dealerships manage fair lending compliance through two main features:
- The dealer established ‘standard’ markup rate that it will apply to all transactions unless an established exception exists for a lower rate; and
- The dealer documents the reason for any exception, using the Dealer Participation Exception Form, accessible through the RouteOne platform.
“As compliance requirements increase, RouteOne is committed to assisting dealers in better understanding the regulatory environment,” said RouteOne CEO Mike Jurecki. “We know that there are increasing concerns surrounding fair lending and pricing, which is why we’re offering this webinar and free tools.”
Karam and Pappas will also provide an overview of the current legal landscape, and the role the DOJ and the CFPB are playing in shaping the future of the regulatory environment. The webinar will be recorded and available for review following the live session on May 21.
Dealers can register for the free webinar here.