Posts
Automotive legal expert shares how to adapt collections compliance strategies for the real world
FORT WORTH, TX – May 15, 2015 – Most auto lenders are well aware of big-picture compliance safeguards they should implement into their collections efforts. But actually doing them is another story. “Compliance goals – whether they are for col
May 22, 2015
A Biased Report
The Dodd-Frank Act directed the Consumer Financial Protection Bureau to study the use of pre-dispute arbitration clauses in consumer financial markets and gave the CFPB the power to prohibit or regulate the use of such clauses depending on its findin
May 22, 2015
Why F&I is Your Friend.
Picture this. AnyTown Dealership USA. The Year is Now. You finally land on a car, a dealership, and a sales person that you like. You make it official, write it up with the salesperson. You are ready to take delivery of your new or pre-owned vehicl
May 22, 2015
Not Their Fault, But Many Millennials Become Credit Rejects
Many Millennials become credit rejects through no fault of their own, according to a new ID Analytics study. It calls for using less traditional ways to measure loan risks. The study says Millennials are denied financing at a higher rate, yet their p
May 22, 2015
The Technology-Driven Agent
No doubt, you’ve noticed dealers asking their F&I product providers and agents for more – more value-added services and business intelligence. Dealers today want smart products that consumers want to buy – and they want agents to help them
May 22, 2015
Dealership Compliance Is an Owner’s Duty, Not an Option
The Consumer Financial Protection Bureau (CFPB) recently issued its Winter 2015 Supervisory Highlights report. In it, the bureau noted that compliance programs at some entities were failing due to a lack of ownership involvement in compliance program
May 22, 2015
Autosoft Certifies MaximTrak F&I Platform
Autosoft Certifies MaximTrak F&I Platform, from F&I Showroom. WEST MIDDLESEX, Pa. — Autosoft Inc., a provider of dealer management systems (DMS), announced this week that MaximTrak Technologies’ F&I suite has completed the certificati
May 15, 2015
F&I product provider to buy rival in cash deal
F&I product provider to buy rival in cash deal, from Automotive News. AmTrust Financial Services Inc. said last week it has agreed to buy Warranty Solutions, owned by Wells Fargo, for $152 million in cash. The deal is expected to close in the thi
May 15, 2015
AutoNation launches private-label products
AutoNation launches private-label products, from Automotive News. AutoNation Inc. will start selling self-branded service contracts in 50 Texas stores this month, in a move that begins the retailer’s nationwide launch of private-label finance a
May 15, 2015