Category Archives: Regulatory Compliance

Guest Article Jim Ragodna: Compliance vs. Ethics: The Lines are Getting Blurry in the Car Business

Posted on March 15, 2016 by Gregory Johnson

By Jim Ragodna. Ethics and compliance are different from each other, but both are vitally important to the long-term success of dealerships and automotive professionals. Often the terms “unethical” and “illegal” are used interchangeably. Ethics is personal – it means … Continue reading →

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Guest Contributor Jim Radogna: F&I Fact vs. Fiction

Posted on February 24, 2016 by Gregory Johnson

By Jim Radogna. It’s not uncommon for me to be asked to weigh in on the occasional compliance conundrum posed on some social media forum. Many such inquiries involve disagreements about long-held beliefs in F&I and whether or not they’re … Continue reading →

Posted in Auto Dealer, Indirect Financing, Regulatory Compliance | Tagged , , , | 1 Comment

Guest Contributor Jim Radogna: Dealer Fees Under Attack

Posted on February 6, 2016 by Gregory Johnson

By Jim Radogna. Two recent actions for alleged dealer fee violations in South Carolina and Indiana are a potential cause for concern in other states due to the likelihood of copycat legal actions. While these states had no caps on … Continue reading →

Posted in Coverage, Doc Fees, Indirect Financing, Regulatory Compliance, TIL Disclosures, Truth in Lending Act | Tagged , , , , | Leave a comment

Minnesota Dealership and Lenders Prevail in Fair Credit Reporting Act Litigation

Posted on October 16, 2015 by Gregory Johnson

By Greg Johnson. Can an auto dealership be liable for damages when it transmits a customer’s credit application to several financial institutions through an automated on-line credit application system and the financial institutions pulls the customer’s credit report without express … Continue reading →

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Dealership Arranged Financing: The Indirect Auto Lending Process

Posted on July 19, 2015 by Gregory Johnson

By Greg Johnson. This article addresses the indirect auto lending process (a/k/a “dealer arranged financing”). While the article relies heavily on cases I have defended for dealerships here in Minnesota, the same process is involved across the nation. In Minnesota, … Continue reading →

Posted in Auto Dealer, Indirect Financing, Regulatory Compliance, TIL Disclosures, Truth in Lending Act | Tagged , , | Leave a comment

Auto Dealer Risk Management: Negotiating Dealer-Lender Agreement Terms

Posted on April 23, 2015 by Gregory Johnson

By Greg Johnson. Car sales are booming and lenders are clamoring for indirect financing business.  Now is a great time for dealers to dust off and review their Dealer Agreement (a/k/a lender master financing agreements) with lenders, particularly the warranty, … Continue reading →

Posted in ADCF Policy, Auto Dealer, Indirect Financing, Regulatory Compliance | Tagged , , , , , | Leave a comment

Auto Dealers & Regulatory Compliance: If the FTC Comes Knocking

Posted on March 28, 2015 by Gregory Johnson

 Dealerships have become subject to increased regulation and enforcement, particularly in the areas of consumer advertising, consumer finance and consumer privacy. I recently posted an article to this blog entitled: Auto Dealer Arranged Financing: 51 Laws a Dealer Must Know. … Continue reading →

Posted in Auto Dealer, Consumer Leasing Act, Errors & Omissions, Indirect Financing, Regulatory Compliance, TIL Disclosures, Truth in Lending Act | Tagged , , , | Leave a comment

Auto Dealer Arranged Financing: 51 Laws Dealers Must Know

Posted on March 25, 2015 by Gregory Johnson

By Greg Johnson. It’s no secret that auto dealerships have become subject to increased regulation over the past several years, primarily in the areas of consumer advertising, consumer finance and consumer privacy. Although the recession of 2007-2009 was primarily related … Continue reading →

Posted in Auto Dealer, Dealer Reserve, Errors & Omissions, Indirect Financing, Regulatory Compliance, TIL Disclosures, Truth in Lending Act | Tagged , , , | 3 Comments

Speaking at Automotive Dealer Subprime Sales Success Workshop on April 7-8th in Atlanta, Georgia.

Posted on March 7, 2015 by Gregory Johnson

I will be a speaker at the Automotive Dealer Subprime Sales Success workshop on April 7-8th in Atlanta, Georgia. I will be speaking on two related topics.  First, about F&I compliance and class action litigation issues (spot delivery, acquisition fees, … Continue reading →

Posted in ADCF Policy, Auto Dealer, Coverage, Indirect Financing, Regulatory Compliance, Truth in Lending Act, Truth in Lending Coverage | Tagged , , , , , , , , | Leave a comment

Auto Dealer-Arranged Financing: When must TIL Disclosures be Provided?

Posted on November 9, 2014 by Gregory Johnson

By Greg Johnson. I recently posted an article, “Auto Dealer-Arranged Financing and the Truth in Lending Act: Understanding the Basics.”  This is one of several posts that get more specific. Under the federal Truth in Lending Act (“TILA”), 15 U.S.C. § … Continue reading →

Posted in Auto Dealer, Indirect Financing, Regulatory Compliance, Truth in Lending Act | Tagged , , , , , , | Leave a comment