Adverse Action Notices: F&I Compliance Tip

by Dealertrack Staff on April 12, 2018

An “adverse action” is, basically, a refusal to grant credit, the termination of an account, or the changing of an account’s terms in a manner unfavorable to the consumer — such as unwinding a spot delivery contract. Why it Matters As creditors, dealers are required to give adverse action notices to consumers in th...

Read more

Three Keys to Data Security and Identity Theft Protection

by Dealertrack on July 14, 2017

Think data security and ID fraud are only “big business” issues? Think again. In today’s era of digital dependence, smart dealers are keeping a tight grip on data, and guarding against fraud. The reason? Small to Midsize Businesses (SMBs) such as auto dealerships face the same threat, but often lack those "big business"...

Read more

Dealertrack Cuts the Ribbon on New Headquarters

by Dealertrack on June 22, 2017

In a word: Amazing. Awe-inspiring amazement, in fact, from the confident way our new home stands above New Hyde Park Road to how it symbolizes the strength of the brand and our principles of innovation and community.Confidence. Innovation. Community. That's Dealertrack, and amazing is about the only word that describes our new HQ. After...

Read more

2017 Compliance Guide Case Study: Credit Apps, Reports, and Contracts

by Dealertrack on February 24, 2017

A dealer sold a vehicle to a consumer under a RISC (Retail Installment Sales Contract) and allegedly committed numerous violations in connection with the sale and financing.For example, the plaintiff was not given a review copy of the RISC disclosing the finance charge prior to the time of sale; and she didn’t take delivery because th...

Read more

2017 Compliance Guide: What’s Next for Auto Dealers

by Dealertrack on February 10, 2017

Establishing a culture of compliance, data security, transparency, and honesty with customers is critical to protecting your dealership.Just as it was in 2016, this year government agencies are likely to focus on auto finance – though there’s some uncertainty about the approach a Trump Administration will take. For example, the CFPB...

Read more