One of the biggest threats to dealership compliance is inside the showroom. That’s right: your employees. Some studies claim that a majority of data breaches are caused by workers, a sobering statistic that may…
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…
From the way it stands to how it symbolizes the strength of the brand and our principles of innovation and community…we’re quite proud of our new HQ.
There may not be light sabers involved (one hopes), but when it comes to Star Wars and the technology that drives auto retail, we can make a few fun comparables.
Identity theft and data breaches continue to be a serious and ongoing issue for consumers and businesses — especially dealerships.
Establishing a culture of compliance, data security, transparency, and honesty with customers is critical to protecting your dealership.
For 12 years, it has been the unrivaled reference on all things Compliance, written for dealers and staff to use on a daily basis and designed to protect their dealership from audits, fines and consumer fraud.
Staying compliant with State and Federal regulations means more than red flags and adverse action notices. In fact, there are federal laws and regulations regarding company records around vehicle sales, leases, F&I documents, and more.
An integrated solution just may be the answer to reduce the cost and hassle of F&I compliance.
In terms of compliance, saving pencils matters because it guards against misunderstanding and is helpful in terms of showing an auditor, regulator, or plaintiff’s attorney how a deal progressed.
In order to maintain compliance, dealership management must be prepared and proactive, with comprehensive training and real-time monitoring.
Consistency is the key to creating the type of experience that meets compliance standards and helps to create an environment of trust and credibility.