One of the regular contributors published within SubPrime Auto Finance News is taking on another industry responsibility.
Linda Robertson, executive director of the Association of Dealership Compliance Officers (ADCO), announced on Wednesday that Randy Henrick has joined ADCO’s board of directors. A highly respected dealer compliance and consumer credit attorney, Henrick has over 30 years of experience in his field.
His company, Randy Henrick & Associates, provides consulting services to help dealers implement compliance policies and best practices to avoid fines and legal problems. His website at www.autodealercompliance.net describes his services and contains numerous dealer compliance blog articles.
Henrick is admitted to three state bars. He is an expert on issues ranging from TILA, ECOA, FCRA and UDAP laws to advertising, data security and digital retailing. In addition to conducting policy reviews, he offers webinar-based training on sales, F&I, privacy and other topics. He monitors and reports on FTC and CFPB enforcement trends.
Prior to starting his consulting firm, Henrick was the associate general counsel and senior director – regulatory and compliance for Dealertrack for 12 years. He authored all the company’s Compliance Guides and was the thought leader for Dealertrack’s compliance product, which was one of the first of its type in the industry.
Before his time at Dealertrack, Henrick worked for GE Capital, Citibank, MasterCard International and Fleet Boston.
“We are delighted to have Randy join our board,” Robertson said. “He’s the preeminent compliance guru in the auto industry and is widely published and a highly popular speaker.”
In addition to his website blogs, Randy writes for SubPrime Auto Finance News that address legal issues and regulatory and compliance best practices for dealers. He also wrote the 2018 NADA guide, Driven: A Dealer Guide to Federal Truth in Lending Requirements.
Henrick has spoken at four NADA conventions, three NIADA conventions and three RVDA conventions. He prepared materials for ADCO’s inaugural seminar back in March and will speak at ADCO’s seminar in Washington, D.C., slated for Oct. 7-9.