Articles by: Tom Hudson

Compliance Insider: Time for an Alignment?

Compliance Insider: Time for an Alignment?

We frequently will do a review of a sampling of a dealer’s deal jackets as a way of assessing the general level of the dealer’s compliance with state and federal laws. When the dealer’s deal jackets hit my desk, the first document I look at is the retail installment contract.Read More

Goodbye, Arbitration Clauses?

Goodbye, Arbitration Clauses?

Since the early- to mid-1990s, auto finance companies and car dealers have increasingly incorporated mandatory, pre-dispute arbitration clauses into the documents that consumers sign in connection with credit transactions. “Mandatory,” because the consumer and the creditor agree that all disputes will be arbitrated, or that at the request of eitherRead More