NADA provides overview of its Fair Credit Compliance Program
Even as NADA is working on repeal of the Consumer Financial Protection Bureauês auto lending guidance, the association offers a program and template to help dealers comply with fair credit laws. NADAês Fair Credit Compliance Policy & Program at a Glance provides a general overview of the optional program. Available at www.nada.org/faircredit: the cover memo from NADA, AIADA and NAMAD releasing the NADA Fair Credit Compliance Policy & Program; pdfês of the program and the program at a glance, and an MS Word template of the program (requires NADA member log-in). Complementing NADAês good work with their new compliance publication was WANADAês legal briefing for dealer members last month with a distinguished panel of fair credit experts, including lawyers Paul Metrey of NADAês legal group and WANADA Kindred-Line member and dealer attorney Mike Charapp.
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