Eric L. Johnson
PartnerBIO
Practice Areas: Automotive and Personal Property Finance and Leasing, FinTech and Small Dollar Lending and Alternative Consumer Financial Services
Mark D. Metrey
AssociateBIO
Practice Areas: Government Oversight and Enforcement, Credit Reporting, Privacy and Data Security and Automotive and Personal Property Finance and Leasing
NADA Annual Meeting
Tuesday May 6, 2025, 9:45 – 10:45 AM EDT
Session 7: Understanding Indirect Lending Compliance: A Guide for Dealer Counsel | Tiburon Ballroom
This presentation will cover: • An overview of federal and state compliance requirements for sales finance companies, including Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), and state specific dealer reserve and markup regulations. • How sales finance companies manage dealer oversight, mitigate risks, and address red flags like power booking or undisclosed fees. • Key challenges faced by indirect lenders, including fraud detection, fair lending compliance, and data privacy concerns. • Practical insights into dispute resolution, consumer complaints, and responding to regulatory scrutiny in indirect auto lending. • Actionable strategies for dealer counsel to collaborate with sales finance companies to reduce shared risks, align compliance efforts, and foster trust.
CounselorLibrary products and services are available directly through and from www.CounselorLibrary.com and are not legal advice. Counselorlibrary.com, LLC is an entity affiliated with Hudson Cook, LLP.
Hudson Cook, LLP provides articles, webinars and other content on its website from time to time provided both by attorneys with Hudson Cook, LLP, and by other outside authors, for information purposes only. Hudson Cook, LLP does not warrant the accuracy or completeness of the content, and has no duty to correct or update information contained on its website. The views and opinions contained in the content provided on the Hudson Cook, LLP website do not constitute the views and opinion of the firm. Such content does not constitute legal advice from such authors or from Hudson Cook, LLP. For legal advice on a matter, one should seek the advice of counsel.
7037 Ridge Road, Suite 300
Hanover, Maryland 21076
