Lender Compliance Technologies, an emerging leader in compliance solutions for managing finance and insurance (F&I) product refunds, today announced a major operational achievement with the successful processing of more than 1 million voluntary…
SOUTHLAKE, Texas — Lender Compliance Technologies (LCT) announced today that its Refund Control© platform is the first in the market to fully align with new Voluntary Protection Products (VPP) Refund Quote Portal Minimum…
SOUTHLAKE, Texas — Lender Compliance Technologies, an emerging leader in compliance solutions for managing finance and insurance (F&I) product refunds, today announced the appointment of Craig Sims to its Board of Advisors. Sims…
SOUTHLAKE, Texas — Lender Compliance Technologies, an emerging leader in compliance solutions for managing finance and insurance (F&I) product refunds, today announced the appointment of Robert “Bob” Johnson to its Board of Advisors.…
Compliance-driven fintech expands leadership team with new growth officer, executive promotions
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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…
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