Wolters Kluwer Endorsed by Illinois Dealer Group
Wolters Kluwer Financial Services announced today that it has been added to the Illinois Independent Automobile Dealers Association’s list of preferred providers.
MINNEAPOLIS — Wolters Kluwer Financial Services announced today that it has been added to the Illinois Independent Automobile Dealers Association’s (IL-IADA) list of preferred providers.
Through the new relationship, the IL-IADA has endorsed Wolters Kluwer Financial Services’ Indirect Lending business and supports the use of the company’s motor vehicle retail sales installment contracts, privacy disclosures and Red Flags Tool Kit among its members.
Wolters Kluwer Financial Services’ Bankers Systems contracts and documents include retail installment contracts to support the financing of motor vehicles, as well as all of the necessary disclosure and ancillary documents to complete the transaction. These contracts are protected by the company’s limited compliance warranty and are maintained by Wolters Kluwer Financial Services’ compliance experts.
“One of our organization’s main goals is helping independent dealers in Illinois navigate the regulatory environment so they can devote as much time as possible to serving their customers and growing their business,” said Bruce Eklund, executive director of the IL-IADA. “Wolters Kluwer Financial Services helps strengthen this effort through compliance documentation and customizable tools that help dealers mitigate risk.”
More Auto Finance

Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
Read More →
Mind Your Process
Consistent steps taken in various aspects of the F&I office can make valuable differences over time, similar to an outline for a best-selling book.
Read More →
Top Five Credit Application Fraud Flags
Compliance audits regularly reveal bad habits that can lead to fraud charges and should have been stamped out decades ago.
Read More →
More Auto Loans for the Taking in August
Riskier categories were on the uptick for the month as lenders loosened access in several areas while balancing out the exposure in another, Cox Automotive reported.
Read More →
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →