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Compliance Summit to Hit Tampa, Las Vegas in 2016

Organizers of Compliance Summit, a series of regional events dedicated to front-end compliance for dealers and dealership management, announced that events will be held in Tampa and Las Vegas this year following stops in Chicago and Austin, Texas, in 2015.

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6 Tips for F&I Managers

To be an F&I professional, there are six things you need to stop (or start) doing, because whether you like it or not, you’re a role model.

CFPB Responds to Senators’ Demands

CFPB Director Richard Cordray responded Monday to lawmaker demands for information on the bureau’s investigation of the indirect financing channel. The director delivered his response a day before Ally revealed in a filing with the SEC that it may be facing ECOA violations.

CFPB: Lenders Are Responsible for Discriminatory Markups

In a bulletin issued today, the CFPB warned banking institutions that they could be on the hook for discriminatory markups imposed by dealers. The bureau’s notice also contains guidance on how finance sources should address fair lending risk.

Don't Be a Target

The new U.S. consumer financial watchdog has pledged to aggressively pursue discriminatory lending practices. Legal insider provides recommendations on how to ensure your store isn’t caught in the crossfire.

Federal Reserve Temporarily Exempts Dealers from Certain Dodd-Frank Requirements

Dealers will remain exempt from certain data collection requirements under ECOA until the Federal Reserve Board issues final regulations.

Tackling Adverse Action Notices

Knowing what triggers an adverse action notice can definitely be baffling, but so can the rules governing content and timing. Legal expert weighs in with part II of PSFI’s series on adverse action notices.

Part II: Tackling Adverse Action Notices

Knowing what triggers an adverse action notice can definitely be baffling, but so can the rules governing content and timing. Legal expert weighs in with part II of F&I's series on adverse action notices.

Tackling Adverse Action Notices

Compliance expert explains what situations require dealers to send adverse action notices to consumers.

Tackling Adverse Action Notices

Learn how your dealership can handle adverse action notices, which are required by the Equal Credit Opportunity Act and the Fair Credit Reporting Act.