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Compliance

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NewsOctober 28, 2014

Benoit Honored With Auto Finance Excellence Award

The senior partner at Hudson Cook and columnist for F&I and Showroom was honored on Oct. 7 at an auto finance conference in Las Vegas.

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NewsOctober 28, 2014

Dealer Arrested For Forgery, Fraud

A Georgia dealer was charged with 18 felonies and 9 misdemeanors for allegedly committing fraud and forgery in association with the sale of vehicles.

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NewsOctober 28, 2014

Crisorio Named Compliance Summit Keynote Speaker

The president and CEO of United Development Systems will open the new compliance event with a keynote address. He will offer his take on how dealers can stay out of the crosshairs of what many believe to be government overreach.

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NewsOctober 28, 2014

Complí Receives 2014 GRC Value Award

The compliance management software provider was recognized by GRC 20/20 for the value it provided to Tricolor Auto Group. The auto group cut time spent on compliance management in half using solutions from Complí, officials said.

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NewsOctober 22, 2014

Mich. Governor Signs ‘Anti-Tesla’ Bill

Governor Rick Snyder signed into law yesterday tighter restrictions on selling vehicles directly to consumers. The new law now effectively bans Tesla Motors from selling vehicles in the state.

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NewsOctober 16, 2014

Inaugural Compliance Summit Set for Nov. 10-11

The new event is designed to offer actionable compliance solutions to dealers and their partners. It will be held at the Seminole Hard Rock Hotel & Casino in Hollywood, Fla.

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ArticlesOctober 7, 2014

Apples and Pomegranates

Consumers will suffer from the CFPB’s use of the word ‘loan’ in place of ‘auto finance contracts.’

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Newsby Gregory ArroyoOctober 7, 2014

Minnesota AG Sues EFG Over Service-Contract Refunds

Attorney General Lori Swanson is suing EFG Companies for deceptive practices because it failed to deliver on its promise of full refunds for VSCs canceled within 30 days. The company’s CEO tells F&I and Showroom his company will be exonerated once all the facts are presented.

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NewsOctober 7, 2014

5 Serra Nissan Employees Arrested

The indictment of the five dealership employees follows federal charges levied against two other Serra Nissan sales managers earlier this year. They are facing federal charges related to a scheme to fraudulently boost loan approvals and car sales.

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NewsSeptember 17, 2014

CFPB Proposes New Oversight of Nonbank Auto Finance Companies

The CFPB announced this week a proposed rule that would allow it to oversee about 38 nonbank auto finance companies. The bureau also plans to release a new whitepaper which details the methodology it uses to determine the presence of discrimination in auto lending.

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