In our daily 24/7 news cycle, perspective can be fleeting. We fail to consider the ebb and flow of events, especially anything with political overtones. Although the world of finance prefers consistency, the one thing we can count on is change. Lately, the topic of compliance has been buffeted by change. From regulation to deregulation, the various local, state, and … [Read more...] about What the Auto Finance Industry Can Learn From the Lessons of History
Being an auto dealer comes with great opportunity, but operating the business side can be a daunting task. Dealers need resources that are easy to access and simple to comprehend in order to stay ahead in a highly competitive environment. The following resources represent the top 10 go-to providers of information online that will help dealers run and grow their businesses … [Read more...] about Top 10 Online Resources for Dealers
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?
When I recently discussed compliance issues with some F&I managers, one of them asked if what we were discussing was required by a regulation or if it was a “best practice.” Initially, I answered the questions until it became apparent in the asking was a different agenda. I asked why the distinction made a difference. Our conversation was pretty sunny until I asked … [Read more...] about Compliance Issues: Make Best Practices a Habit