DBA American Credit Systems, 2018. The Punt Group, LLC

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American Credit Systems Blog

January 17, 2018

The December 2017 Recent Interpretation of the Military Lending Act Affects Sales of GAP to Active Duty Service Members & Their Dependents

Military Lending Act (MLA) protections went into effect on October 3, 2016. In December of 2017, it was amended.  The updates to t...

May 30, 2017

A short blog containing 10 suggestions for car dealers regarding compliance, credit reports, red flags rules, adverse action, OFAC, and financing.

May 30, 2017

A quick summary of the law: Adverse action notices are required under the federal Equal Credit Opportunity Act ("ECOA") and its implementing Regulation B, and the Fair Credit Reporting Act ("FCRA") when a "creditor" takes "adverse action" against a consumer. ECOA prohi...