F&I Compliance Tip: Adverse Action Notices

by Dealertrack on August 26, 2016

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 notice...

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F&I Compliance Tip: Red Flags Rule

by Dealertrack on August 18, 2016

Designed to prevent your dealership from becoming a victim of identity fraud, the “Red Flags Rule” requires your dealership to develop and implement a written Identity Theft Prevention Program (ITPP) to detect, prevent, and mitigate identity theft. This...

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Three Ways to Protect Your Deals and Defend Your Dealership

by Dealertrack on August 13, 2016

Bring up the topic of compliance and many dealers feel a headache coming on. And for good reason.  With so many laws, regulations, and rules to contend with it’s easy for dealers to feel frustrated and confused. The trouble is that non-compliance can lead to thousands of dollars in fines, class-action penalties, and reputation damage. And...

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The FTC’s 7 Deadly Sins of Dealer Advertising

by Dealertrack on March 4, 2016

If you thought 2015 was active with the FTC’s “Operation Steer Clear” and “Operation Ruse Control” sweep of dealerships, this year promises more of the same: more 20-year consent decrees for misrepresentations, omissions, inconspicuous and contradictory qualifications to advertised terms, as well as for advertised terms not being avail...

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Seven Ways Compliance Software Reduces Dealer Heartburn

by Dealertrack on February 18, 2016

The average dealership must sell over 100 cars a year just to recoup its regulatory compliance costs. That’s according to the Center for Automotive Research (CAR), in a recent study measuring the impact of federal regulations on franchised dealerships. Or think about it this way: Every new or used car on the lot has a regulatory price tag of $...

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Available Now: The 2016 Dealertrack Compliance Guide

by Dealertrack on January 22, 2016

Dealertrack has long been known as the industry’s single best source for Compliance insights, and for good reason: From webinars to our technology solutions, we provide the expertise that can only come from time spent in the trenches, learning and leading the way through what is often complex and confusing regulations. And nothing better repre...

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