Industry’s response to California’s new GAP waiver law, AB 2311, offers a textbook case in how to address complex regulations on a rushed timeline – and how Informed.IQ can help. Assembly Bill 2311 For those not familiar, AB 2311 imposes even more restrictions on the sale of Guaranteed Asset Protection (GAP) waivers as part of …
Tracking the Auto Industry’s Response to AB 2311 GAP Waiver Requirements Read More »
As someone who has overseen multiple industries as a financial regulator, I have a lot of respect for the professionals who work daily to monitor and implement compliance at indirect auto lenders. Compliance obligations for auto lenders come from all sides. Multiple federal laws touch on auto lending activities including the Truth and Lending Act, …
The Informed Team is just back from an event we dubbed “Dallas Auto Week.” The AFSA Vehicle Finance Conference and the 2023 NADA Show ran back to back, making it easy for the team to hit both events. We were excited by the energy at the events and energized for the year ahead. Below are …
At Informed, we know auto lending. Six of the top ten US auto lenders use our service in their lending process and we’ve learned quite a bit from that experience. On the technology front, we have multiple patents and received two provisional patents in 2022. With AI and Machine Learning, we perform validation checks on …
