Category: Featured

Enterprise Financial News Volume 7

Post author By efgmarketing
Post date November 12, 2015

Hot Off The Press

Get a new perspective on how to maximize your dealership profitability while staying compliant with the experts from
EFG Companies.

EFG Companies knows how to turn your entire team into an F&I and sales driving machine! Contact us today to find out how.

Download the 7th volume of Enterprise Financial News Magazine

Tags CFPB, Davis-Moore, EFG Companies, Millennials, Northwood

EFG Companies Featured

EFG Companies One of the First Hundred to Achieve Consumer Credit Compliance Certification

Post author By efgmarketing
Post date October 27, 2015

EFG’s Compliance Oversight Rated as Top Area of Performance by Dealer Partners

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EFG Companies, the innovator behind the award-winning Hyundai Assurance program, today announced the Consumer Credit Compliance Certification of Karen Klees. Klees was one of the first 100 officers to be certified under this new program by the National Automotive Finance Association (NAF). NAF specifically designed the Consumer Credit Compliance Certification Program to address the challenges faced by consumer finance companies in maintaining legal compliance in an environment characterized by ever-changing federal and state regulatory requirements. It provides compliance professionals with a deep working knowledge of the federal laws and regulations that govern consumer credit along with an overview and general examination of state consumer credit law.

Coupled with EFG’s AFIP certification of its dealer services field team, this new certification further demonstrates EFG’s commitment to addressing the number one “stay-awake” issue for dealers. Going forward, EFG will utilize these certifications to help its clients create a governance model to assure ongoing compliance. This will include acting as a facilitator, training them on compliance best-practices, educating clients on the magnitude of what lenders are facing, and preparing them for future compliance initiatives.

Tags AFIP, CFPB, Compliance, Consumer Financial Protection Bureau, EFG Companies, John Pappanastos, Karen Klees, National Automotive Finance Association

Featured

EFG Client Davis-Moore Automotive Receives Dealer of the Year Award

Post author By efgmarketing
Post date September 29, 2015

F&I and Showroom Magazine recognizes Davis-Moore for the auto group’s commitment to compliance in driving F&I profit

EFG Companies, the innovator behind the award-winning Hyundai Assurance program, is proud to recognize Davis-Moore Automotive for receiving the F&I and Showroom Magazine’s Dealer of the Year and Pacesetter Awards. The annual F&I Dealer of the Year award is given to a dealership or dealer group with a highly profitable F&I department that demonstrates a commitment to regulatory compliance.

Founded in 1955, Davis-Moore is a six-rooftop dealership in Kansas, with five stores in Wichita and the Clint Bowyer Autoplex in Emporia. Earlier this year, Davis-Moore won the Better Business Bureau Integrity Award, as well as a variety of Reader’s Choice awards from Wichita’s local newspaper, The Wichita Eagle.

“We are so proud to count Davis-Moore as part of our family of clients,” said John Stephens, Senior Vice President, Dealer Services, EFG Companies. “Davis-Moore has always been a dealer group with high integrity and an eye toward the future. Their recognition of the importance of compliance and serving the customer’s best interest has helped Davis-Moore raise the bar in this new era of F&I profitability.”

Tags AFIP, Association of Finance and Insurance Professionals, Davis-Moore Auto Group, Dealer of the Year, EFG Companies, F&I, F&i and Showroom Magazine, Pacesetter