Compliance remained a hot topic of conversation this year at the NADA Convention, and at the American Financial Services Association Vehicle Finance Conference, which preceded it. Unlike the discussions at last year’s convention about big fines and the assault on auto finance, the talk this year centered on a variety of topics. Questions and comments revolved around what … [Read more...] about What Dealers Need to Know About Adverse Action Notification
We live in skeptical times. Our country has just experienced a strange election cycle fueled by fake news, divisiveness, and misinformation. Many people formed their opinions based on what they believed to be trusted information, but it’s become increasingly hard to tell fact from fiction. When people don’t know who or what to believe, it’s hard to make the right … [Read more...] about Transparency Equals Trust in the F&I Office
When the election results were known the morning of November 9, 2016, one thing was certain: Change is coming. Then-President-elect Donald Trump’s administration made clear during its campaign and after the election that burdensome regulations had adversely effected business growth and jobs creation. An expressed priority of the new presidential administration is to … [Read more...] about What Does a New Presidential Administration Mean for Dealerships?
It’s the holidays, you just got a deal on a new smart TV, brought it home, and are ready to fire it up. Plug and play, right? Although it’s possible, it’s probably not the most typical-use case because most of us want an entire home entertainment experience. We have to connect our sound bar and the subwoofer, the satellite TV, our gaming system, and a Blu-ray player, not … [Read more...] about Why Your Credit Application System Makes Sense as a Workflow Hub
This mid-October headline got our industry’s attention: “The Consumer Financial Protection Bureau [CFPB] Declared Unconstitutional by the United States Court of Appeals.” For those affected by CFPB enforcement actions and the agency’s general whims and fancies, there was a resounding cheer of “about time!” Headlines, however, rarely tell the whole story, and in this case … [Read more...] about The CFPB: No Longer the Legislative Bully of DC?