Defusing the Biweekly Scare
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.
November 12, 2015
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.
November 12, 2015
Due to recent regulatory changes related to licensed money transmission, biweekly loan payment service provider US Equity Advantage has suspended business in 16 of the 50 states in which it does business.
September 10, 2015
A CFPB official disclosed in a June 15 blog post that the administrator of the Ally settlement fund has begun contacting and mailing checks to borrowers who were affected by Ally’s alleged discriminatory auto lending policies.
June 23, 2015
The CFPB finalized today its proposal to oversee nonbank auto finance companies. The finalized rule will take effect 60 days after publication in the Federal Register.
June 10, 2015
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.
May 4, 2015
SMART Payment Plan was ordered to wind down its business in Texas for operating without the proper state license since 2009. The biweekly payment provider can reapply for the license in 12 months.
March 26, 2015
The next Compliance Summit event is set to be held April 20–21, 2015, in Illinois. The full day of educational sessions is open to automotive industry professionals involved in front-end compliance.
March 12, 2015
The current regulatory environment demands that dealers take a good hard look at their processes and policies. F&I pro offers some recommendations.
February 6, 2015
The magazine’s resident legal wiz dusts off his crystal ball and offers his regulatory forecast for the coming year.
January 20, 2015
Moody’s expects the performance of new and outstanding auto loan ABS deals to suffer temporarily due to current regulatory activity, but it does see a silver lining in the increased scrutiny of the auto finance marketplace.
December 30, 2014
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.
December 19, 2014
A representative of the Office of the Comptroller of the Currency says competition is forcing finance sources to take bigger risks. He warns that the regulator will continue to monitor the market.
November 4, 2014
A former FTC official and current partner with Hudson Cook LLP issues a warning about dealer advertising.
October 9, 2014
The AFIP’s executive director opens up about what he hopes to accomplish when he meets with the top brass at the CFPB.
October 9, 2014
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.
October 8, 2014
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