Tag Archives: Consumer Financial Protection Bureau

Where Are Your Dead Deal Credit Applications?

It is now as important as ever to make sure that your dealership has an effective storage and retrieval capability for consumer credit applications that you receive in transactions that do not result in completed vehicle sales. Unless you are able to put your hands on a signed application that includes the authorization to run […]

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Make the Case Against Flat Fees

Have you wondered why industry publications are writing with increasing frequency about the expected demise of finance “markup”?  The answer is simple – proponents of flat fees are working to sell the concept that “markups” are evil to regulators like the federal Consumer Financial Protection Bureau and the Federal Trade Commission with the hope that […]

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What Most Dealers Need to Know About the Consumer Finance Protection Bureau

What Most Dealers Need to Know About the Consumer Finance Protection Bureau

By now, most dealer personnel should be aware that there was a massive law passed last year called the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.  Also referred to generically as “the Wall Street Reform Bill” or “Dodd-Frank,” this new law provides for sweeping changes in the consumer finance arena and, among […]

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