Don’t Play “Hot Potato” With Adverse Action Notices

by Dealertrack on March 5, 2020

As much as your dealership would like to be able to sell to every customer, sometimes it doesn’t work out. Maybe a customer was credit-challenged, so you decided not to send their application to any financing sources – or you did send their application for financing but couldn’t get acceptable terms. Perhaps you had a spot delivery deal in pl...

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The 5 Ws of Privacy Notice Compliance for Dealerships

by Dealertrack on February 20, 2020

Your dealership’s privacy notice may seem like just another piece of paperwork, but it’s a vital part of your compliance plan. The federal and state consumer protection regulations that require privacy notices address a wide range of your dealership’s data handling and storage practices. Let’s go over the basics you need to know about them....

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New in Compliance for 2020

by Dealertrack on February 6, 2020

The regulatory landscape changes every year, so staying compliant with all of the laws and regulations that apply to your dealership can be a challenge. But if you don’t stay on top of it, you risk fines, penalties and damage to your business reputation. Engaging qualified legal counsel is the best way to ensure full compliance, but here is a...

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Minimize Risk and Help Ensure Compliance on Every Deal

by Dealertrack on March 28, 2019

It’s understandable that dealers do not enjoy having to think about compliance. The myriad, ever-changing laws, rules and regulations that apply to each deal can be confusing and frustrating. But non-compliance can lead to thousands of dollars in fines, class-action penalties, and damage to the dealership’s reputation – so it’s im...

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How Operations Oversight Aids in F&I Compliance

by Dealertrack on March 21, 2019

It seems that you can’t read the news without learning of yet another massive corporate data security breach. As much as we all hear about the importance of safeguarding customer information, studies show that a majority of data breaches are caused by employees. In your showroom, that means your compliance is at risk from staff m...

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Keeping Aftermarket Products In Line: F&I Compliance Tip

by Dealertrack on May 3, 2018

Aftermarket products are important to dealerships’ bottom line. Recent NADA research has shown that 50 percent of profits for the average dealership come from the sale of aftermarket products. A majority of these profits come from vehicle service contracts but, but other products driving profits also include guaranteed auto protection, credit...

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