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Insights / events

Presentation

Inside Powersports Compliance Amid Changing Federal Requirements

Read Time: 1 min

Member Jason Bichsel (Cleveland) will present “Inside Powersports Compliance Amid Changing Federal Requirements” at the PowerSports Finance Summit 2024 on October 10, 2024, in Las Vegas, Nevada.

Jason will review navigating the increased regulatory focus on dealer sales practices, including aftermarket products; understanding CFPB oversight on repossession practices, fair lending, and nonbank registry requirements; and how powersports dealers and lenders can overcome challenges in remaining compliant with changing federal regulation.

Learn more.

Insights

Published Article

Avoiding compliance “captivity” as a new captive finance company

September 26, 2023

Captive automotive finance companies have been a staple of the market in the United States for decades. Traditionally affiliated with long-established manufacturers, these companies have provided support to increase incremental sales through franchise dealer networks and have grown to become some of the most recognized consumer finance brands within and outside the vehicle finance industry.  

Published Article

Powersports and the CFPB: Fair lending, fees, repossessions, and voluntary products

June 28, 2022

The CFPB has announced a clear focus on fair lending, “junk” fees, voluntary protection products, and repossessions. Each of these focus areas will require powersports finance companies to reconsider their relationships with service providers whose value proposition is to be the “brain” behind complex operational functions like credit decisioning, payment processing, and default servicing.