Red Flags Alert
The editor believes recent regulatory activity should serve as a warning to dealers who haven’t dusted off their Red Flags compliance programs in the years since the rule took effect.
October 9, 2018
The editor believes recent regulatory activity should serve as a warning to dealers who haven’t dusted off their Red Flags compliance programs in the years since the rule took effect.
October 9, 2018
With the CFPB’s controversial guidance officially repealed, the editor delves into what the bureau was really after in its targeting of dealer participation.
May 30, 2018
The CFPB’s acting director tells state regulators there will no longer be ‘regulation by enforcement,” but the editor believes there’s a long list of regulators waiting to take up the torch.
March 12, 2018
Thanks could be in order when the industry gets together for NADA 2018, as the editor hears that a resolution to the Military Lending Act controversy isn’t far off.
March 8, 2018
The editor shares some insider information regarding the industry’s efforts to get the Defense Department to reconsider last month’s interpretive rule regarding the sale of GAP and credit insurance to military consumers.
February 6, 2018
The editor wonders how regulators, including two new mini-CFPBs in Pennsylvania and Maryland, view a consumer advocacy group’s highly critical report on how dealers price F&I protections.
November 14, 2017
One F&I insider says there’s more to the subprime pullback than the recent uptick in delinquencies. He says regulators are the real reason finance sources are so risk-averse.
October 10, 2017
The editor gets called out by a reader about a cash-conversion technique he detailed in the magazine’s June issue.
July 6, 2016
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.
April 30, 2014
The editor searches for the origins of a mythical menu requirement and explains how even nonexistent rules can help promote compliance.
December 7, 2012
Dealers are looking over their shoulders for signs of federal regulators, and rightly so. But the greater threat lives closer to home.
June 7, 2012
Establishing a better connection between the F&I office and today's Internet customer was top of mind at this year's annual dealer conference. Word in the aisle ways is that solutions aimed at doing just that will be hitting the market this summer.
February 6, 2012
Word of a recent newspaper article on the world of BHPH dealers had the editor up in arms — well, until he read the story.
December 1, 2011
The Risk-Based Pricing Rule's "go live" date of Jan. 1, 2011 is quickly approaching. Will you be ready to comply with the FTC's new rule?
December 14, 2010
Do you disclose the base payment on your menu? If you don’t, the editor lends his thoughts on why you should.
December 1, 2010