Mitigating risks with F&I aftermarket products and cancellations
With 25% of aftermarket products cancelled before loan terms end, and 46 states mandating lenders process refunds in a timely and accurate manner, what are you doing to stay compliant?
Join us on September 12 at 2 p.m. ET for Mitigating Risks with F&I Aftermarket Products & Cancellations presented by Dealertrack Lending Solutions.
Federal and state regulators have intensified their examination of auto lending practices relating to F&I products. Several public cases have shown the reputational risk faced by lenders when F&I product cancellation refunds to consumers are not handled properly.
The webinar will cover:
· Best practices used by lenders to increase and accelerate recoveries of F&I product cancellation refunds
· Examples of industry-wide collaboration between lenders, F&I product providers and dealerships
· Steps that lenders are taking to strengthen their compliance programs relative to F&I products
August 28th, 2019 by Dan Bucherer