FARMINGTON HILLS, Mich. — RouteOne announced the launch of remote document delivery, a new technology that securely and compliantly gives consumers electronic access to their econtracted documents. The new feature also reduces printing costs and paper shuffling for dealers. Econtracting was supposed to usher in the paperless deal, but paper has remained part of the ... Read More »
Read More →Two of the industry’s compliance leaders, gvo3 & Associates (gvo3) and DealerSafeGuardSolutions (DSGSS), have collaborated to deliver the first comprehensive front end compliance platform. This effort provides the first end to end solution, incorporating education, certification, execution, inspection and remediation. As dealers continue to struggle balancing the regulatory demands of consistency and perfection with the ... Read More »
Read More →WASHINGTON, D.C. — The dollar thresholds in the Truth in Lending Act (TILA)’s Reg. Z and the Consumer Leasing Act (CLA)’s Reg. M for exempt consumer credit transaction will remain at $54,600 for 2017, the Federal Reserve Board and the Consumer Financial Protection Bureau announced on Nov. 23. The Dodd-Frank Wall Street Reform and Consumer ... Read More »
Read More →WASHINGTON, D.C. — On Tuesday, a federal appeals court ruled that the structure of the Consumer Financial Protection Bureau is unconstitutional. The appellant court’s main issue is the bureau’s single-director structure, which it found to possess “enormous power over American business, American consumers, and the overall U.S. economy.” The U.S. Court of Appeals for the ... Read More »
Read More →WASHINGTON, D.C. — The Federal Trade Commission today charged nine Los Angeles-area dealerships and their owners with a wide range of deceptive, and unfair sales and financing practices, including payment packing and using “yo-yo” finanicng tactics. According to the FTC’s announcement, this is the first time the regulator has filed an action against an auto ... Read More »
Read More →LAS VEGAS — Andy MacKay, executive director of the Nevada Franchised Auto Dealers Association (NFADA), will deliver the welcome address at the upcoming Compliance Summit, organizers announced Monday. The event will be held Aug. 29–30, 2016, at Paris Las Vegas as part of the annual Industry Summit. MacKay’s address, “The Dealer’s Voice: Trade Associations on ... Read More »
Read More →WASHINGTON, D.C. — The Consumer Financial Protection Bureau’s proposed small-dollar lending rule would neither not adequately protect borrowers, nor address the risks created by the shift toward installment credit in the payday and auto title lending market, a new analysis concludes. Conducted by Pew Charitable Trusts, the analysis outlines the reasons for the shift to ... Read More »
Read More →Welcome to the inaugural Las Vegas Compliance Summit! Our series of regional events has made stops in Miami, Chicago, Austin and Tampa, and we can’t wait to share our program with you here at Paris Las Vegas. Compliance Summit was designed to deliver a crash course in federal regulations and enforcement actions and help you ... Read More »
Read More →LAS VEGAS — Jim Radogna, a San Diego-based compliance expert and trainer, will serve as the luncheon speaker at the upcoming Compliance Summit, organizers announced Thursday. The event, which marks Compliance Summit’s first visit to the Western states, will be held Aug. 29–30, 2016, at Paris Las Vegas. “Jim’s reputation as a nationally recognized expert, trainer ... Read More »
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