MicroBilt Corporation, a provider of risk management services, introduced two solutions to help dealers comply with the Risk-Based Pricing (RBP) Rule and Red Flags Rule (RFR), which became effective Jan. 1, 2011.
F&I’s legal wiz serves up a nice reminder of two federal rules coming down the pike in January. Are you ready?
The magazine’s legal columnist cites two recent cases to provide dealer guidance on the FCRA’s ‘truncation’ requirement.
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.
Washington is working overtime these days, so expect 2010 to be a bumpy ride on the regulatory front.
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.
The FTC has delayed enforcement of the Red Flags Rule once again, as it looks to expand its education efforts among small businesses. Those efforts include sending a staff attorney to the magazine’s September conference.
As state and federal regulators increase their vigilance of finance transactions, dealers will need to be on high alert when it comes to their F&I processes. Former compliance regulator addresses F&I's brave new world of compliance.
Dealers will need to know how to react when a red flag is raised, and will have to document each situation.
Way back in 2003, Congress passed the Fair and Accurate Credit Transactions Act (FACTA). We’ve talked about it a lot in this column. For us lawyers, it’s the gift that keeps on giving, and it just gave again with the recent proposal for the last of the major rules it mandated.
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