LAS VEGAS — In other news, RVDA has seen progress in the past year on several important regulatory issues, president Phil Ingrassia told dealers during the association’s Annual Meeting .
The association has pushed back for four years against the Consumer Financial Protection Bureau’s guidance that would have limited dealer-assisted financing options for customers. “The CFPB has suffered several political and court-mandated setbacks and faces more under the current administration,” Ingrassia reported.
The current CFPB director will probably soon be replaced. “This will mean a new direction for the agency that repeatedly pushed policies that don’t have anything to do with protecting consumers and could actually reduce their access to credit, as we saw with their misguided vehicle financing guidance,” said Ingrassia. “We will remain vigilant in this area, but it appears that things are going in the right direction for your ability to get customers financed.”
Another issue of importance to dealers and their customers is public lands access and campground capacity. RVDA and several other groups have formed the Outdoor Industry Recreation Roundtable and have seen some progress.
Interior Secretary Ryan Zinke is moving forward to appoint an outdoor recreation-industry point person to report directly to him, and to create an outdoor recreation advisory committee to help guide Interior, similar to groups the department has for conservation and timber and mining industries. These were both asks from RVDA and its industry allies, said Ingrassia.
“We believe that the administration understands we need to modernize campgrounds on public lands, and there are private companies ready to move forward to do just that,” said Ingrassia, “but federal policies need to be changed to allow longer term agreements with the private sector, so that there is an adequate return on investment.”
SOURCE: RVDA press release