"Putting to much power in the hands of petty government officials is nothing but trouble. So make the CFPB go to court and prove their case that is the proper execution of law."
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William Fowler
- Male
- Port Ludlow, WA
- United States
- Blog Posts (9)
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- Groups (12)
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Latest Activity
William Fowler commented on Nikki Mascali's blog post Lawyer: CFPB on ‘Warpath’ for Auto-Lending Add-On ProductsWilliam Fowler commented on Nikki Mascali's blog post Lawyer: CFPB on ‘Warpath’ for Auto-Lending Add-On Products"The Dodd-Frank Act authorizes the Bureau to conduct investigations to ascertain whether any person is or has been engaged in conduct that, if proved, would constitute a violation of any provision of Federal consumer financial law. Section 1052 of…"
William Fowler commented on Nikki Mascali's blog post CFPB Zeros In on Indirect Auto Lending"
Nikki, this is just a shot across the bow aimed at all dealers. Dealers believed they escaped the wrath of the Federal Government, specifically the CFPB and or the many other agencies, but here you see the method they will use to control…"
William Fowler commented on Nikki Mascali's blog post CFPB May Sue Banks Over Auto Loans and Markups, Sources Say"This just came in.
CFPB Warns Banks About Questionable Auto Loans, Bloomberg Reports
The U.S. Consumer Financial Protection Bureau (CFPB) has alerted at least four banks that they may face lawsuits over vehicle loans and interest-rate markups by…"
William Fowler commented on Nikki Mascali's blog post CFPB May Sue Banks Over Auto Loans and Markups, Sources Say"Gentlemen, there is a lot more at stake here.
Note this release by the CFPB yesterday. It announces that the CFPB will by it's authority go in and Examine records and files of any type of Financial Business (including potential auto dealers) to…"
William Fowler left a comment for Joel George"Welcome Joel,
You got my curiosity up. Where exactly are you located?
Bill Fowler
bfowler@enetfs.net"
William Fowler commented on Marcie Belles's blog post Facebook Auto Finance"Marcie, I talked to the head of our IT department and his advice was"
"Facebook is a major security risk. I have to say, unequivacally, that I am not in favor of this right now. Facebook and Twitter are not secure sites and…"
William Fowler commented on Marcie Belles's blog post Facebook Auto Finance"It has great possibilities that we will be looking into with our present system. Give me a few days to get back to you on this.
Bill"
William Fowler commented on Marcie Belles's blog post Facebook Auto Finance"Marcie, I forgot to mention that we would store the electronic data for upto seven years, with easy access and up loading for the dealer or lender within our secure data base. The whole transaction would also allow the dealer and lender to be…"
William Fowler commented on Marcie Belles's blog post Facebook Auto Finance"Marcie, our company has built our entire program in a private cloud SaaS base program. We are a dealer, lender, and customer interface for all parties in the financing and auto dealer business.
Yesterday my wife got a new Android MID 14, and…"
William Fowler left a comment for john metz"Welcome John, when you get a chance give me a call regarding your buisness and mine working together.Bill FowlerPresident E-Net Financial Services, Inc. 1-360-437-5098 Fax 1-360-637-1777mailto:bfowler@enetfs.nethttps://www.enetfs.net"
William Fowler commented on Mike Gibb's blog post Automated Underwriting and Subprime Lending: Oil and Water?"Mike this is an interesting article. Thanks for bring this to the surface.
Our company E-net Financial Services, Inc. found we could put the deal together but before the deal should be sent to the lender all parties need to communicate …"
William Fowler commented on JJ Hornblass's blog post Your Help Needed for Important Research"JJ
I looked at your survey and you are on some of the right points that wil more then likely be an issue concerning the Governments Fair Lending issues. However these questions are not getting to the real points I think will be their main…"
William Fowler left a comment for Holly Ferris"Latest technology on expiditing loan approvals based on multiple lender risk base models: E-net offers dealers and lenders a loan approval process that engages all parties at the same time to share information live over the internet while making a…"
Profile Information
- First & Last Name
- William (Bill) Fowler
- Corporate Title
- CEO/President
- Company
- E-net Financial Services, Inc.
- Type of Company:
- Lender/Loan Originator
- Company Description
- Lenders Control Loan Quality From The Dealer On The Front End Of The Loan Origination Process. Dealers Average "Look To Book" Ratios Above 45% some as high as 95%. https://www.enetfs.net/en/eNetLdrPre.swf
- City, ST
- Port Ludlow
William Fowler's Blog
Big Changes in Loan Originator Compensation - What Next?
Posted on March 15, 2011 at 12:11pm 0 Comments 0 Likes
New final Reg. Z changes, effective April 1, 2011 (no April Fool's prank here), are meant to, in the Fed's words, "protect consumers in the mortgage market from unfair or abusive lending practices that can arise from certain loan originator compensation practices." These regulations will also apply to auto dealers acting as loan originators for their customers.
So what does this mean? It means dramatic…
Tax Policy Makes U.S. Uncompetitive, Not China’s Low Wages
Posted on February 8, 2011 at 9:38am 0 Comments 0 Likes
Written by: Henry R. Nothhaft
CEO of Tessera, Inc.
Co-author of Great Again: Revitalizing America’s Entrepreneurial Leadership
Posted: February 7, 2011 @ 3:02 pm
Page viewed 469 times
…
E-net Offers Lenders Compliance at the Origination Source
Posted on January 28, 2011 at 12:25pm 0 Comments 0 Likes
Congress has enacted a number of consumer protection and civil rights laws directly related to the activities of financial institutions since the late 1960s. Most transactions involving consumers and financial institutions are covered by these laws. These consumer protection regulations and laws impact virtually all bank operations. E-net offer solutions and services during the origination cycle to help financial institutions remain compliant with their stringent regulatory and internal…
Continue Imploding China
Posted on January 18, 2011 at 6:58pm 0 Comments 0 Likes
Since China has come to visit us I thought you might want to consider these facts when looking to the Future and the economy:
Imploding China Forbids Sale of Land
Friday, March 26, 2010 - by Staff Report 
Wen Jiabao
The Ministry of Land and Resources has ordered a temporary ban on the sale of land for housing in a renewed measure to ease soaring…
Comment Wall (4 comments)
- At 10:51am on March 21, 2011,
Hui Lu said… Bill - my pleasure. I will take a closer look through the weekend.
On a seperate note, I worked in Chinese automobile industry for a long while b/4 came to the States. Recently went back and Auto Finance is booming! Would like to explore potential products/services that can be introduced to there.
Best,
Hui
- At 10:04am on November 1, 2010,
Rebecca Chernek said… - Bill-
Thanks! Pleasure is all mine! Glad I got the invite.
Becky
- At 3:01pm on October 7, 2010,
Jim Page said… - Bill,
Sorry for being 3 months late on my response! For whatever reason, I never did get an email letting me know you had responded. Again, my apologies.
The fastest and easiest way to see if what we do could possibly help is to take a quick glance at our web site...www.dms.net
If something sparks your interest, please let me know. I will be at the conference in Vegas if you would like to get together to discuss anything.
Sincerely,
Jim Page
- At 2:36pm on July 15, 2010, Jim Page said…
- Bill,
Take a look at our website to see if might be able to help you. We are the largest requestor of consumer credit files in the US. We have a multitude of bureau connectivity solutions, as well as providing analytical solutions to some of the country's largest banks, insurance companies and credit card issuers.
www.dms.net
Jim Page
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