Tips for Monitoring Dealer Compliance | Auto Finance News | Auto Finance News

Tips for Monitoring Dealer Compliance

Eagle2Monitoring the behavior of another company and its employees may seem difficult, but with the right data and tracking, it’s easier than you might think.

Like other lenders that make loans through automobile dealers, Pelican Auto Finance LLC is required by the Consumer Financial Protection Bureau to monitor how its 5,000 dealers in 27 states treat their deep-subprime customers. In particular, the CFPB wants to make sure that all borrowers with similar characteristics pay the same price for cars and the same interest rates on loans.

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