Federal agencies target RV dealer compliance

(June 13, 2012) -- These five federal agencies now empowered and willing to look for compliance violations in just six areas. Add to that mix, state regulators that last year signed a pact with the CFPB for interagency cooperation and discovery and enforcement potential only grows. The number of agencies now involved in regulating lenders and non-lenders alike has grown substantially, and so has the risk for those who choose to avoid their responsibilities for compliance. The bright side to all of this is that it is not terribly expensive or difficult to set up a compliance management system with some outside help.