E-NEWSLETTER

The Federal Trade Commission (FTC) announced Friday it is delaying enforcement of the Red Flags Rule until June 1, 2010.

Tags: Federal Trade Commission, Red Flags Rule

DealerTrack Inc., a provider of on-demand software and data solutions, added red flags reporting to its DealerTrack Compliance Solution to help dealers better track their identity theft prevention programs and to more effectively monitor dealership activity.

Tags: DEALERTRACK, Federal Trade Commission, Red Flags Rule

Set for Sept. 21-23 at the Orland World Center Marriott Resort in Florida, the 2009 F&I Conference and Expo boasts an agenda that addresses today’s most important issues. This year, organizers have added the Lender Pavilion, a new opportunity for dealers to meet one-on-one with participating finance sources.

Tags: F&I Conference and Expo, Red Flags Rule

Software provider DealerTrack Inc. today announced the addition of “ID Alerts,” a free enhancement to its credit application network that will help dealers reduce the risk of identity theft and fraud by flagging abnormal patterns in credit applications.

Tags: DEALERTRACK, identity theft, Red Flags Rule

F&I Management and Technology and Powersports F&I magazines will host a one-day seminar on the Red Flags Rule on Tuesday, June 9 (9 a.m. to 3 p.m. EDT) at the Hilton St. Petersburg in St. Petersburg, Fla.

Tags: Red Flags Rule

Finance Express, a provider of Web-based financial services and technology for independent auto dealerships, announced today that ComplyNet Corporation joined its online dealer management system.

Tags: DMS, Red Flags Rule

Wolters Kluwer Financial Services said its electronic retail sales installment contracts and documents will be integrated with Supreme Software’s finance and insurance (F&I) system, called The Dealership Tracker.

Tags: F&I software, Red Flags Rule, Wolters Kluwer

First Advantage CREDCO, a provider of automotive identity theft and specialty credit reporting solutions, unveiled an all-new component to its Red Flag Solution, called Red Flag Manager.

Tags: Red Flags Rule

F&I Management and Technology and Powersports F&I magazines will host a free Web seminar on the Red Flags Rule on Tuesday, May 12, at 11 a.m. PDT (2 p.m. EDT).

Tags: Red Flags Rule

The Federal Trade Commission will delay enforcement of the new Red Flags Rule until August 1, 2009, to give creditors and financial institutions more time to develop and implement written identity theft prevention programs.

Tags: Compliance, FTC, Red Flags Rule

First Advantage CREDCO LLC, a provider of specialty credit reports to the automotive industry, announced Monday the integration of its credit-based information solutions with Finance Express, a provider of Web-based financial services and technology for independent auto dealerships.

Tags: First Advantage CREDCO, OFAC, Red Flags Rule

The Federal Trade Commission (FTC) upped the ante on abuses of the FTC Act by increasing the maximum civil penalty for unfair and deceptive acts and practices from $11,000 to $16,000 per violation.

Tags: FTC, Red Flags Rule, Safeguards Rule

Automotive Compliance Consultants Inc. (ACC) has partnered with automotive software provider Stone Meta Inc. to provide an online compliance training and auditing solution called Compliance Solved.

Tags: Adverse Action Notices, Compliance, Red Flags Rule

Compli, a provider of dealership compliance management software, said the use of its Dealership Compliance Management System (DCMS) by Group 1 Automotive in Houston, Texas, has helped the dealership group reach a 98 percent Red Flags compliance level in less than two weeks.

Tags: Compliance, RED FLAGS

National Credit Center (NCC), a provider of credit reporting and compliance services to the automotive industry, has developed a complete solution for the Red Flags Rule.

NADA Regulatory Affairs Directory Paul Metrey and attorneys from the Federal Trade Commission (FTC)’s Division of Privacy and Identity Protection — which drafted and enforces the Red Flags Rule — will present a virtual seminar “A Deeper Dive into the FTC Red Flags Rule” on March 26 from 1 to 3 p.m. EST.

Tags: FTC, NADA, Red Flags Rule

In an unexpected move, the Federal Trade Commission (FTC) announced that it will delay its planned enforcement deadline of the Red Flags Rules to May 1, 2009.