9m Read CFPB Guidance Questions Dealer Mark-Ups as Discriminatory Click here to view Randy's presentation from the April 4, 2013 Webinar on: The Consumer Financial Protection Bureau’s “Guidance” on Dealer Participation: What It Means for You. Read More
7m Read What to Expect in Auto Dealer Compliance in 2013 What should you expect in Auto Dealer Compliance in 2013? Read More
5m Read Prospective Creep of CFPB into Auto Finance The Consumer Financial Protection Bureau’s (“CFPB”) newly-appointed Director, Richard Cordray, is no friend of auto dealers. When he was Attorney General of Ohio, Mr. Cordray brought numerous actions against dealers for alleged violations… Read More
3m Read New “Safe Harbor” Privacy Notice Takes Effect January 1, 2011 The FTC and Federal Reserve Board have published a new form of privacy notice that, if properly completed and followed, will give dealers a “safe harbor” (protection) from liability. It is a simple form… Read More
4m Read The Year of Enforcement Continues The CFPB’s First Enforcement Action and Its Implication for Auto Dealers The Consumer Financial Protection Bureau (“CFPB”) entered into its first enforcement action consent decree with Capital One Bank ordering Capital One to pay… Read More
1m Read NEW: Manage Auto Financing in Real Time with DealerTrack Mobile! Take your deal workflow to the next level by adding new intuitive mobile apps from DealerTrack. Securely track the pulse of your deals within finance and vehicle inventory workflows whether you are on the… Read More
1m Read Compliance Definition of the Week UDAPs – (Unfair and Deceptive Acts and Practices laws) – Includes FTC Act Section 5 and similar state laws used frequently by the FTC and state Attorneys General to correct and obtain damages for consumer… Read More
1m Read CFPB Begins Taking Tips from Whistleblowers The Consumer Financial Protection Bureau is soliciting information from whistleblowers and other knowledgeable sources about potential violators of federal consumer financial laws. The CFPB is welcoming information from current or former employees, contractors, vendors,… Read More
5m Read The Threat Within: Internal Data Breaches and ID Theft Automotive News recently reported that an Arizona dealer’s F&I Manager was involved in a fraud ring stealing the identities of dealership customers and sharing them with a criminal enterprise. At least a dozen identity… Read More
1m Read Compliance Definition – Consumer Financial Protection Bureau (“CFPB”) An independent federal agency established by the Dodd-Frank Act to enforce consumer protection regulations and issue new regulations prohibiting unfair, deceptive, or abusive acts and practices, among other things. Auto dealers that sell, lease… Read More
