To understand what’s ahead for the Consumer Financial Protection Bureau, you need to understand where it’s already been. Before you continue, make sure to read our recent articles about disparate impact and fair lending in the Trump Era for background information.
The latest auto dealer compliance news, tools, and insights to keep you cool, calm and compliant.
In December, dealerships were preparing for changes to the New Used Car Rule regarding the New Buyers Guide. In January, those changes went into effect. It is now March, so how well did you prepare? Will you pass muster? On March 28th Hudson Cook attorneys Catharine Andricos, Lauren Hunt, and Chris Capurso will be discussing […]
Picture an automotive dealership in the year 2025. What did you imagine? An automated service garage? Self-driving cars? Better coffee in the lobby?
Last week, we recapped Compli’s “Fair Lending in the Trump Era” webinar, which explored the past, present, and future of the Consumer Financial Protection Bureau. One of the key points in the CFPB’s development and regulatory focus, co-host Michael Benoit told us, is the theory of “disparate impact.”
We tend to regard compliance as the process of adhering to state and federal laws. But it’s something much more tangible in practice. For many dealerships, compliance can be described as the art of not maddening people.
We polled attendees from our recent webinar on changes to fair lending compliance in light of the new administration (It was a hot webinar, catch the replay, if you missed it).
Compliance should help your business – not get in its way. For us, that means providing our dealership clients with a compliance management system that built with their specific needs in mind.
Love it or hate it, or kinda-sorta-don’t really care about it, or wish you didn’t care so much about it, or fear that you don’t care enough about it, or wake up every day feeling completely different about it—or all or some of the above with minor and/or major modifications—everyone has an opinion about the […]
Automobiles and text messages can’t seem to get along. As the primary technologies for getting around and communicating, cars and phones represent two of contemporary society’s most indispensable tools. And yet no one has figured out a way to safely use one while using the other, nor has either industry—automotive or telecommunications—successfully crossed over to […]
Remember a time before the CFPB? Believe it or not, everyone’s favorite regulatory agency (read those last few words in whatever tone you’d like) is only 5 years old. But where we are in the Consumer Financial Protection Bureau’s overall saga is hard to say. President Donald Trump has expressed skepticism toward the agency, and […]