NADA provides overview of its Fair Credit Compliance Program

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.