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Compliance

NewsNovember 19, 2014

CFPB Takes First Action Against BHPH Dealer

DriveTime Automotive Group was ordered to pay an $8 million penalty for making harassing debt collection calls and providing inaccurate credit information to credit reporting agencies.

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NewsNovember 19, 2014

CFPB Methodology Flawed, New Study Concludes

A new study released by the American Financial Services Association finds bias and high error rates in the CFPB's proxy methodology for determining disparate impact.

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NewsNovember 13, 2014

Inaugural Compliance Summit a Hit

Organizers of Compliance Summit 2014 said the inaugural event drew a large, engaged crowd to the Seminole Hard Rock Hotel and Casino in Hollywood, Fla., this week. The next regional event is slated for early next year in Texas.

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NewsNovember 13, 2014

Two Georgia Dealerships Shut Down for Odometer Tampering

A father and son were arrested and their two dealerships were closed after police began pursuing racketeering charges against the pair.

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NewsNovember 11, 2014

Sonic Files Suit Against Former Employee for Luring Away Employees

Sonic and Philpott Motors have filed a lawsuit against a former employee who left the dealership and hired seven other employees to come work for him.

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NewsNovember 10, 2014

Police Catch Kidnapper Using Dealership’s GPS Device

Detectives asked a dealership to activate the GPS device installed in a kidnapping suspect’s car due to his poor credit. Police apprehended the man and found his victim alive.

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NewsNovember 7, 2014

Last Chance to Pre-Register for Compliance Summit

Online registration for the inaugural Compliance Summit, to be held Nov. 10-11 in Hollywood, Fla., will soon be closed. Register before it's too late.

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Articlesby Gregory ArroyoNovember 7, 2014

From the Boardroom

The CFPB was top of mind, but company representatives serving on Industry Summit’s annual executive panel delved into other hot-button issues impacting dealers and their F&I offices.

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Articlesby Brittany-Marie SwansonNovember 7, 2014

What’s on the Menu?

The Mad Marv-moderated compliance panel at Industry Summit 2014 addressed supposed menu-governing regulations, the hybrid manager, tablet menus and the CFPB.

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Articlesby Brittany-Marie SwansonNovember 6, 2014

Colorado F&I Manager Named 2014 F&Idol Winner

Justin Gasman is having a banner year. Coming off his F&I department’s best month ever, the 11-year veteran was named the 2014 winner of the IAS-sponsored F&Idol award.

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