CFPB Enforcement Overview - What Your Dealership Needs to Know

The Consumer Financial Protection Bureau (CFPB) is in overdrive, pushing lenders and their service providers to implement Compliance Management Systems (CMS).  This means all dealerships fall directly into the crosshairs of the CFPB based on their financing capabilities and resources.

Activity & Enforcement

Compli teamed up with national expert Patty Covington, Partner at Hudson Cook, LLP to deliver Part 1 of this 6 Part webinar series on the details of the CFPB guidelines for your dealership and/or financial institution. Topics covered in the webinar include:

  • What is a CMS?
  • Recommended program components
  • CFPB expectations for your CMS
  • Best practices for implementation

CFPB & Dealerships

Dealerships are feeling the pressure from banking partners to adopt the same best practices required by the CFPB. Your dealership is expected to understand the rules and programs outlined by the CFPB.  It is vital that you know what a CMS is, how to implement one, or how to make what you are already doing today meet the new standards.

 

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