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The National Automotive Finance Association (NAF) announced the development of a series of Non-Prime Roundtables.
The aim of the Roundtable programs are to inform members, promote open dialog and identify how problems can be addressed either internally or through outsourced assistance.
Topics for the Roundtables have come from the NAF membership. The first of several roundtables will explore in depth the effect the Consumer Financial Protection Bureau has on the non-prime auto financing market serviced by the small to medium sized finance companies (portfolios under $200 million). Compliance with existing and new regulations poses unique problems for these finance companies. Their smaller size and the resources they have available to meet compliance requirements provide a real challenge for them.
This Non-Prime Roundtable has been scheduled for Jan. 9, at the Intercontinental Tampa Hotel, Tampa, Fla., and will be facilitated by NAF Association counsel, Tom Hudson and partner Patty Covington from Hudson Cook, LLP for CEOs, presidents and compliance executives.