To Catch a Thief…with DealerTrack !
Along with coverage from Forbes, Automotive News and a host of industry blogs, this story continues to get coverage, most recently in the the October issue of F&I and Showroom Magazine.
When compliance software helped a dealership in Ohio catch a suspected ID thief, the incident was held up as a shining example of how software tools can help dealers protect their customers and comply with consumer-protection rules. But the data these compliance solutions pull from isn’t foolproof, as a dealer and a credit reporting agency discovered this past July.
August marked the three-year anniversary of the final compliance deadline for the Red Flags Rule, and this month marks 11 years since the U.S. Treasury deputized dealers to help prevent terrorists from accessing the banking system under statutes imposed by the Patriot Act. That law introduced the Office of Foreign Assets Control (OFAC) rules, which require dealers to check their customers against a government-supplied list of known or suspected terrorists.
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