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House and Senate conference committee negotiators voted last Friday to exclude auto dealers from sweeping legislation to overhaul the nation’s financial system.
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What exactly does the Federal Trade Commission mean by ‘bona fide’ or ‘good faith’? With the Red Flags Rule set to go live this month, dealer compliance expert provides the answer.
Read More →The United States Senate demonstrated bipartisan support for auto dealers on Monday, voting 60-30 to approve a “motion to instruct” lawmakers to include the Brownback Amendment in future versions of the financial regulation bill.
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The mood at this year’s Vehicle Finance Conference was much improved, and lenders are looking to become active once again. However, they will do so with more caution this time around.
Read More →Risk-Based Pricing Rules represent the latest in consumer-protection regulations, but they aren’t easy to decipher. Compliance expert breaks down the rules and offers some guidance.
Read More →The verdict on the impact of the Fed's new rule is still out, but its requirements might just be what the doctor ordered for our business.
Read More →Three compliance experts attempt to map out a dealer’s best-chance deal. In the end, all roads lead back to compliance.
Read More →Washington is working overtime these days, so expect 2010 to be a bumpy ride on the regulatory front.
Read More →In what is expected to have a big impact on the special-finance marketplace, the Federal Trade Commission (FTC) and the Federal Reserve Board (FRB) issued in late December finalized rules that will require creditors, including dealers, to alert consumers when derogatory credit data causes them to receive less than optimal terms. The rule is expected to take effect Jan. 1, 2011.
Read More →When the FTC revised its telemarketing rule, it did so to curb the use of robocalls. Compliance expert breaks down the changes.
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