Most creditors find 100 percent regulatory compliance to be an elusive goal, and auto-secured creditors are no exception. My clients often say to me, “Gee, I would have fixed that compliance gap if I had only known it was there!” Are examiners sympathetic to this response? Or do they give the creditor an icy stare and say, “Well, your compliance management system is supposed to uncover those gaps”? An even worse compliance strategy is waiting for your customers to complain. S

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“When Americans lend a hand to one another, nothing is impossible. We’re not about what happened on 9/11. We’re about what happened on 9/12.” ―Jeff Parness, founder of New York Says Thank You #glenviewfinance #subprime #bhph #911memorial

Does this bode well for the BHPH Dealer? https://on.mktw.net/2My6Eg1 #glenviewfinance #BHPH #subprimefinance #autoloans #creditandlending

Having an emergency fund is important to cover you in case of missed paychecks — but many Americans don’t have one. What would happen if you got sick and couldn’t work temporarily, or if you lost your job and couldn’t find another one right away? https://bit.ly/2p2atle #glenviewfinance #bhph #bhphcapital #consumerfinances To Learn More CLICK HERE!

In the second quarter of 2019, consumer debt in the United States rose to a record high of $13.86 trillion according to the Federal Reserve Bank of New York. As consumer debt rises in the United States, rulings such as the U.S. Supreme Court’s recent decision in Obduskey v. McCarthy & Holthus, are increasingly more important to the consumer debt industry. https://bit.ly/2PV2gu2 #glenviewfinance #bhph #bhphcapital #collections To Learn More CLICK HERE!

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