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The Fed sure isn’t hiding its disdain for credit insurance with its proposed changes to Reg. Z. Then again, it might just be an information gap at work.
Read More →New disclosure requirements being considered by the Federal Reserve Board (FRB) for loan insurance products aren’t the only threat to core F&I offerings like GAP. In California, product providers are racing to notify dealers that one of the key selling feature of GAP might be barred since a new law took effect on Jan. 1.
Read More →Coping with the uncertainty of the Dodd-Frank Act and its newly-formed Consumer Financial Protection Bureau (CFPB) will be among U.S. financial institutions’ foremost concerns in 2011, according to the experts at Wolters Kluwer Financial Services.
Read More →If you think dealers have won exemption from financial reform, read on. The magazine’s legal experts team up to translate this highly anticipated legislation.
Read More →Sen. Sam Brownback (R-Kan.) is planning to offer an amendment to exempt auto dealers from the financial regulation bill when the Senate considers the proposed legislation as early as next week.
Read More →The one obstacle that could hamper the return of the auto finance market moved one step closer to becoming reality after the Senate Banking Committee voted yesterday to approve Senator Christopher Dodd’s (D-Conn.) new finance reform bill.
Read More →The National Automobile Dealers Association (NADA) is mobilizing a nationwide grassroots effort today to oppose Rep. Mel Watt (D-N.C.)’s amendment to eliminate an exemption for auto dealers from the soon-to-be created Consumer Financial Protection Agency (CFPA).
Read More →A House committee has incorporated the Consumer Financial Protection Agency (CFPA) into a larger financial reforms package, called the Wall Street Reform and Consumer Protection Act.
Read More →One amendment down, many more to go as automotive dealers face potentially disruptive new regulations.
Read More →The House Financial Services Committee approved a key amendment, 47-21, to keep automobile dealers under the already effective state and federal laws which govern vehicle financing.
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