On March 8, 2021, Clay Friedman was quoted in an Automotive News article titled, “White House could shake up auto finance.” The article discusses the anticipated regulations and enforcement within the auto industry under the Biden administration. Regarding the concerns of auto dealers, Friedman noted that enforcement will focus on areas such as automotive financing, anticipating that “Truth in Lending is going to be vehicle No. 1.” He advised auto dealerships to consider their compliance training, stating the importance of being able to demonstrate and document that proper procedures are being followed.

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