E-NEWSLETTER

By Tom Hudson

Stories about dealer practices that harm consumers are prevalent, but the facts seem to be difficult to come by.

Tags: CFPB, Compliance, FTC, Hudson Cook LLP

By Michael Benoit

The nation’s chief enforcement agency singled out five dealers for deceptive advertising in March. The magazine’s resident legal wiz weighs in.

Tags: Civil Investigative Demand, CLA, Dealer Advertising, FTC, TILA

By Gregory Arroyo

Federal regulators estimate that 4 percent of identity theft involves the stealing of Social Security numbers belonging to children. What dealerships need to realize is the perfect way to combat this is by simply examining those nine little digits.

Tags: DECEASED, Red Flags Rule, Social Security Numbers

By Gregory Arroyo

The Red Flag Rule will definitely be a hot topic at this year's National Automobile Dealers Association (NADA) convention. Here are a few questions to help you find the right solution.

Tags: Identity Theft, NADA, Red Flags Rule

By Gregory Arroyo

Before you start searching for the finalized document on the Red Flag Rule, understand that it's 256 pages.

Tags: FRAUD, Identity Theft, PERSONAL IDENTIFICATION INFORMATION, Red Flags Rule

By Gregory Arroyo

Dealers will need to know how to react when a red flag is raised, and will have to document each situation.

Tags: Fair and Accurate Credit Transactions Act of 2003, Fair Credit Reporting Act, FRAUD, Identity Theft, Red Flags Rule, Social Security Numbers

By Gregory Arroyo

Red Flags identified by regulators in final Red Flags Rule

Tags: credit applications, FRAUD, Identity Theft, PERSONAL IDENTIFICATION INFORMATION, Red Flags Rule, Social Security Numbers

By Gregory Arroyo

A Red Flag is a pattern, practice or specific activity that indicates the possible existence of identity theft.

Tags: FEDERAL REGULATION, Federal Trade Commission, FRAUD, Identity Theft, Red Flags Rule

By Michael Benoit

Many financial institutions and creditors around the country have spent the last six or so months working diligently to implement their identity theft prevention programs as mandated by Congress and the Federal Trade Commission’s new Red Flags Rule.

Tags: Compliance, Federal Trade Commission, LEGAL, Michael Benoit, Red Flags Rule

By Michael Benoit

Unless you’ve been living under a rock, you all know that Southern California has had its share of devastating wildfires over the last several months. If you live in Southern California, you’ve experienced the hot Santa Ana winds and the “red flag warnings” that accompany them — that is, warnings of the potential for such a catastrophe.

Tags: Compliance, LEGAL, Michael Benoit, Red Flags Rule

By Gregory Arroyo

Red Flag Compliance will require a combination of dealer-created procedures, legal counsel and technology.

By Gregory Arroyo

A post made on Oct. 2 on the magazine’s F&I Forum made me think, “What a great story of a dealer doing it right.” But that was before I talked to Mark O’Neil, CEO of DealerTrack, about something he discussed during his keynote address at the magazine’s September F&I Conference and Expo.

Tags: DEALERTRACK, Editorial Page, F&I Conference & Expo, Fair and Accurate Credit Transactions Act of 2003, Federal Trade Commission, Red Flags Rule