4m Read Blog The Critical Role of Adverse Action Notices in F&I Compliance for Car Dealerships Ensuring legal compliance in every aspect of your car dealership operations is crucial. Among the many regulatory requirements, issuing Adverse Action Notices is particularly vital. This isn’t j… Read More
3m Read Blog The Financial Impact of Non-Compliance There’s a reason that compliance looms large for auto dealers – and it has everything to do with the bottom line. Failing to establish and follow consistent compliance practices can cost a deale… Read More
3m Read Blog Data Safeguards & Identity Theft Protection: F&I Compliance Tip Identity theft and data breaches continue to be a serious and ongoing issue for consumers and businesses. In fact, according to the U.S. Department of Justice, about 9% of U.S. residents age 16 or… Read More
3m Read Blog 7 Features Your Compliance Software Should Have With the constant threat of audits, fines and lawsuits, every dealership must take compliance seriously. Fortunately, there are cost savings to be found in integrating finance and sales flow compliance functions. Here are seven… Read More
2m Read Blog Don’t Play “Hot Potato” With Adverse Action Notices 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… Read More
2m Read F&I Compliance Tip: Red Flags Rule Designed to prevent your dealership from becoming a victim of identity fraud, the “Red Flags Rule” requires your dealership to develop and implement a program to detect, prevent, and mitigate identity theft. Read More
2m Read Blog 3 Things to Know About Risk-Based Pricing Notices Many of your dealership’s compliance responsibilities are designed to inform and protect consumers as they make financial decisions. That is definitely the case for the Federal Trade Commission’s Risk-Based Pricing Rule of the Fair… Read More
3m Read Blog Stranger Danger: Why Identity Verification is Important for Compliance In 2022 alone, the Federal Trade Commission received more than 1.1 million reports of identity theft and more than 2.3 million reports of fraud. Legislators and consumer protection agencies are well aware of the… Read More
2m Read The F&I Compliance Landscape for Dealers in 2021 As the automotive industry continues to adjust to the “new normal” spurred by the pandemic and the technology improvements that have helped keep business moving, here are some aspects of deal compliance that dealerships… Read More
1m Read Fresh Insights at the Cox Automotive Experience The first ever Cox Automotive Experience kicked off this week and included the debut of six videos packed with actionable insights from our F&I and Registration and Title teams. We invite you to set… Read More
3m Read Staying Compliant While Working Remotely Staying Compliant While Working Remotely The rapidly changing circumstances around the COVID-19 pandemic forced dealerships to adapt quickly. In areas where shelter-in-place or stay-at-home orders led to closed showrooms, some dealership personnel even relocated… Read More
2m Read Blog 5 Compliance Tips for F&I Selling As dealerships look for ways to counter shrinking profit margins, F&I product sales are one of the revenue sources they turn to. Cox Automotive 2022 Car Buyer Journey research shows that 67% of car… Read More
