Increased scrutiny raises costs of ancillary product refunds
F&I compliance costs industry estimated $100M annually
Auto lenders, dealers and aftermarket product providers face an uptick in regulatory oversight that will require collaboration to streamline processes and remain compliant. Finance and insurance (F&I) products account for approximately 25% of dealer profits, but pose significant challenges from a regulatory and risk management perspective, Brian Reed, founder and chief executive of automotive technology […]
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