Having a “growth problem” is an oxymoron. If your business is growing and you need to hire more staff that means you are a success and business is booming! But that also means training more employees, managing more vendors, and keeping track of more policies. If this sounds like a problem you are having it […]
Month: December 2016
Your compliance management system needs to do more than meet the letter of the law; it must take action. An effective CMS will move you through the many regulatory changes with active risk management. Unfortunately, many CMS’s lack the agility needed to navigate the fair lending compliance jungle.
Last year the Compli Cares team adopted a family to help them have a merry Christmas. This year we took on a second family due to the overwhelming response from the Compli staff. We all remembered how much fun it was to be elves and couldn’t wait to do it again this year!
Check! There is something super satisfying about the sound of pen tip checking off an item on your To Do List. Also, the sound “X” has a similar effect. Maybe that’s why the section of the Dodd-Frank Act that created the Consumer Financial Protection Bureau is called Title X. Try it yourself: X and ✔.
It’s probably time to review your workforce policies, procedures and training. It is critical to pause for a moment and look back at your busy year to ensure that your workforce and your business are in compliance with the dizzying array of rules and regulations that can cost your organization more than just money.
“What gets me going every day are the people I get to work with on a daily basis, both my customers and the people at Compli,” was Dick Potter’s response when asked what his favorite part of each day is. Dick has worked for Compli for ten years and has been the Director of Customer […]
The Federal Motor Carrier Safety Administration (FMCSA) is the main regulating body of the trucking industry. What’s important to know is they aren’t only the regulators behind the new ELD regulations but their primary mission is to prevent commercial motor vehicle-related fatalities and injuries. We found three examples of how your trucking company could get […]
The consumer finance industry could be on the cusp of change. Donald Trump has promised to roll back the Dodd–Frank Wall Street Reform and Consumer Protection Act, and all signs thus far point to the President-elect keeping his word. By this time next year, the Consumer Financial Protection Bureau could look different, and wield less […]
For the amount of money your dealership loses every year due to turnover, you could purchase a 3-bedroom house in the Garden District of New Orleans (convenient if you’re planning to attend NADA in January).
Are you a finance company, retailer (such as an auto dealer, furniture or department store), or a credit union that offers consumer credit contracts? If you so, you fall into the category of a creditor that is subject to the jurisdiction of the FTC (Federal Trade Commission) and therefore you must comply with the Credit […]