News

January 8, 2020

Partner Eric Johnson gives BHPH predictions for 2020

BHPH Report, a publication for the pre-owned industry, recently published 2020 predictions for the industry, gathered by Dealer Profit Pros president Kenny Atcheson. Partner Eric Johnson joined five other industry professionals in giving dealers several things they should be thinking about and planning for in the upcoming year.

Eric spoke about the Consumer Financial Protection Bureau Director Kraninger's continued top priority of consumer education, although he cautioned that the supervision and enforcement staff will continue its regulation by enforcement. Eric warns dealers that continued Congressional pressure on the Bureau could lead to more consumer refunds and enforcement actions in 2020. He also noted that lawsuits involving the Americans with Disabilities Act (ADA) will increase, particularly relating to website accessibility.

Eric Johnson assists national and state banks, savings associations, credit unions, mortgage bankers, other licensed lenders, motor vehicles dealers and automotive finance companies in the development and maintenance of nationwide consumer mortgage and automobile finance programs; online motor vehicle sales programs; litigation funding programs; and electronic payment programs.

Click here to listen to Eric's predictions.

Hudson Cook, LLP provides articles, webinars and other content on its website from time to time provided both by attorneys with Hudson Cook, LLP, and by other outside authors, for information purposes only. Hudson Cook, LLP does not warrant the accuracy or completeness of the content, and has no duty to correct or update information contained on its website. The views and opinions contained in the content provided on the Hudson Cook, LLP website do not constitute the views and opinion of the firm. Such content does not constitute legal advice from such authors or from Hudson Cook, LLP. For legal advice on a matter, one should seek the advice of counsel.