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Regulators and examiners want to know whether consumers are properly credited for refund amounts. Refund Control© is the intelligent, customizable solution to quickly and easily prove that all accounts have been reviewed for…
When financial institutions leave their dealerships with the full burden of ensuring compliant cancellations and timely consumer refunds of voluntary protection products (VPP), they open the door to regulatory risk and liability. Refund…
With Refund Control©, you can be sure your refund data is coming directly from product providers. Only they know the calculation method that should be used to determine the correct refund amount, as…
When a financial institution books a loan, regardless of the voluntary protection product provider, they’re often held responsible for the consumer refund. This applies even in cases where the consumer may not be…
The timeframe requirements for consumer lenders to refund voluntary protection product (VPP) cancellations vary by state. In general, refunds are owed to consumers within 30 to 90 days from the date of cancellation. With…
Being prepared is one step to successfully passing a CFPB exam. Here’s what regulators expect to see during an exam: Refund Control© does all this and much more. Contact us today for help…
Multiple systems increase the likelihood of errors which can negatively impact a voluntary protection product regulatory examination. We offer a simplified process that will: Contact us today for a demo of Refund Control©,…
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