Compliance One of the Key Topics at Upcoming F&I Conference
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.
More Industry

Kia Closes Out Summer With a Bang
Its U.S. subsidiary broke multiple records in August, in part due to a surge of demand for hybrids models.
Read More →
Indiana Dealership Changes Hands
A 30-year-old Ford dealership in Indiana has a new owner and will soon be undergoing renovations to meet manufacturer requirements.
Read More →
Texas Dealership No Longer in the Family
The Ford store, a longtime cornerstone of the Houston market, is now part of one of the fastest-growing U.S. auto groups.
Read More →
Genesis Grows California Presence
The Cardinale Automotive Group opened its third Genesis rooftop in the Golden State, Genesis of San Bruno, a stand-alone dealership serving the San Francisco Bay Area.
Read More →
August Auto Sales a Mixed Bag
An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.
Read More →
EV Market Humming Along
July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.
Read More →
Auto Loan Delinquency Rates Stabilize
Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.
Read More →
EV Sales Recover in Q2
The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.
Read More →
The Cheapest Hybrids to Fuel
The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.
Read More →
Hybrids and SUVs Gaining Ground
The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.
Read More →