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ArticlesMay 5, 2014

Thievery Loves Company

The magazine’s compliance expert delves into the motivations of wrongdoers and offers a reminder that no crime is insignificant.

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Done Dealby Gregory ArroyoApril 30, 2014

Interview With the Regulator

After stumbling out of the gate in his long-awaited interview with a former CFPB official, the editor discovers the regulator was more than willing to talk.

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NewsApril 24, 2014

Bank Eliminates Dealer Markup, Cites CFPB Guidance

Chicago-based BMO Harris Bank issued a notice to its dealer customers this week, stating that it has eliminated dealer markups on indirect auto loans. The policy went into effect Thursday.

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NewsMarch 27, 2014

Va. Dealer Could Lose License Over Gambling, Drug Charges

Virginia regulators are reviewing the case of an auto dealer who pleaded guilty to running an online sports gambling ring and was convicted on drug charges. The state has the right to revoke dealer and vehicle sales licenses due to felony convictions.

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Newsby Gregory ArroyoFebruary 20, 2014

Group 1 to Implement NADA Fair Lending Plan

The dealer group not only endorses the association’s fair lending plan, it plans to implement the program in the next several months, officials confirm.

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Newsby Brittany-Marie SwansonFebruary 18, 2014

Penske Holds Off on Adopting NADA Compliance Program

Officials with Penske Automotive Group, which reported a record fourth quarter, said the operation will “wait and see” when it comes to adopting the NADA’s new fair lending compliance program.

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Newsby Brittany-Marie SwansonFebruary 6, 2014

Asbury ‘Very Confident’ About Meeting CFPB’s Requirements

Asbury Automotive Group, which reported a record fourth quarter, does not plan to alter any business practices in response to the CFPB’s scrutiny of rate participation programs. Officials reveal that the dealer group already has already adopted many of the regulator's recommendations.

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NewsFebruary 4, 2014

Findlay Signs With Automotive Compliance Consultants

Findlay Automotive Group has selected Automotive Compliance Consultants’ compliance services to ensure the group’s 26 dealerships comply with regulations.

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Newsby Brittany-Marie SwansonJanuary 28, 2014

NADA Launches Fair Credit Compliance Policy and Program

Last week, the NADA announced a new fair lending compliance policy and program designed to help dealers cope with growing pressure from regulators like the CFPB.

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NewsJanuary 27, 2014

Zurich Helping Dealers Navigate CFPB's Fair Lending Review

Zurich North America worked with Hudson Cook on guidance to help auto dealers protect their dealerships from allegations of unfair lending practices.

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