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Press Release
Wolters Kluwer Financial Services’ Indirect Lending Business Endorsed by Louisiana Automobile Dealers Association
BATON ROUGE, La. – Feb. 3, 2011 – Wolters Kluwer Financial Services announced today that it has been added to the Louisiana Automobile Dealers Association’s (LADA) list of endorsed companies.
Through this new relationship, LADA has endorsed Wolters Kluwer Financial Services’ Indirect Lending business and supports the use of the company’s motor vehicle retail sales installment contracts among its members, which consist of new car and truck dealers across the state of Louisiana. These contracts document the financing of auto loans and are maintained by Wolters Kluwer Financial Services’ compliance experts, who monitor legislative and regulatory changes affecting the indirect finance industry in all U.S. jurisdictions. The contracts are protected by the company’s limited compliance warranty.
“Not only does Wolters Kluwer Financial Services help auto dealers access the loan documents they need, but it also helps ensure that the contracts are continuously updated to reflect regulatory requirements,” said Bob Israel, president of LADA. “This is a key service for our members as they work to maintain compliance with ever-changing industry laws and regulations.”
“We are very pleased to work with LADA, which has built a strong reputation for helping dealerships sustain and grow their businesses,” said Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services. “This relationship provides an opportunity to connect with more dealers in the state of Louisiana and help alleviate the regulatory compliance challenges they face.”
For more information, visit www.lada.org or www.wolterskluwerfs.com/Indirect.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services supports its global customers with offices in more than 20 countries and is the leading worldwide provider of compliance and risk management solutions for the financial services industry, serving more than 15,000 banking, insurance and securities customers across the globe. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2009) €3.4 billion ($4.8 billion) and approximately 19,300 employees worldwide. Please visit our website for more information.
About Louisiana Automobile Dealers Association
Founded in 1937, the Louisiana Automobile Dealers Association (LADA) is proud of its history and eagerly looking forward to the future. We live by our motto “Problems Solved, Questions Answered.” The full-service trade association represents virtually all 320 new car and truck dealers throughout Louisiana.
Governmental affairs, franchise and regulatory issues have long been at the forefront; however the LADA Self-Insurers’ Trust Fund (SIF) and LADIT, Inc. for health are also vital parts of our total package.
The nineteen members of the Board of Directors meet monthly assuring close contact with the membership and providing valuable two-way communication with the dealer organization. Add to this, the National Automobile Dealers Association (NADA), sixteen endorsed companies and seventy associate members and LADA can say we have dealers covered!
