LAS VEGAS — The F&I Conference, one of four conferences being held at Industry Summit, will feature two compliance sessions. One will delve into cyber sales and F&I, while the other will provide attendees with an update on recent actions by the Federal Trade Commission and the new Consumer Financial Protection Bureau.
Presented by David Robertson, executive director of the Association of Finance & Insurance Professionals, “Digital Compliance: Rules of the Road” will provide attendees with practical tips for staying compliant while capitalizing on cyber deals. Robertson will discuss the challenges Internet sales pose when it comes to complying with the OFAC, collecting a customer’s nonpublic information, and with several other state and federal regulations.
The conference also welcomes Nikki Munro, a partner with Hudson Cook LLP and who recently appointed as chair of the American Bar Association’s Consumer Financial Services Committee. She will provide an update on the rollout of the Dodd-Frank Act, the Consumer Financial Protection Bureau and the Federal Trade Commission’s recent activities.
Munro’s session will cover the three “roundtable” discussions the FTC hosted last year to determine what new protections it needs to add in relation to auto dealer practices. She will also delve into the FTC’s civil investigative demands in the wake of alleged deceptive dealer advertising. Attendees will also gain a better understanding of where the FTC’s enforcement jurisdiction ends and where the CFPB’s begins. The session will also cover the CFPB fact-finding civil investigative demands aimed at buy-here, pay-here dealers, and will uncover what practices might be deemed abusive by the new regulator.
“You can't have an F&I Conference without discussing compliance,” said Gregory Arroyo, executive editor of F&I and Showroom magazine. “Yes, we want to help dealer F&I departments be more profitable, but you can pave the way to profits without discussing the rules of the road. And we’ve brought out two of the industry’s go-to compliance insiders to do just that.”
Industry Summit will be held Sept. 10-12 at the Paris Las Vegas.