LAKE SUCCESS, N.Y. –

In response to the recent guidance from the Consumer Financial Protection Bureau on indirect automotive finance — which could have a signfincant impact on dealerships — Dealertrack Technologies will be holding a free webinar this week.

The event is the latest in a series of compliance webinars from Dealertrack and is scheduled for Thursday  at 2 p.m. (EST).

The webinar, hosted by Dealertrack compliance counsel Randy Henrick, will provide insight into the CFPB’s guidance, its effect on automotive financing and what actions dealership need to take in light of this guidance, the company said.

As the end of the webinar, a Q and A period will be held and attendees can leverage Henrick’s expertise.

To register, click here.

For more on the bulletin from CFPB that was directed at indirect auto lenders that permit dealers to increase consumer interest rates and that compensate stores with a share of the increased interest revenues, better known in the F&I office as dealer reserve or dealer participation, see the Auto Remarketing story here.
 

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