April 5, 2012
The Federal Trade Commission filed charges and requested a U.S. district court to stop the specific practices of two auto loan modification companies operating in California.
Tags: Auto Loans, Compliance, FTC, Loan Modification Companies
Federal customs agents seized 20 high-end stolen vehicles at the Los Angeles/Long Beach Seaport. Bound for Asia, the vehicles were leased by several dealerships to smugglers using false identifies.
Tags: Compliance, GPS devices, Identity Theft, Red Flags Rule, Stolen Vehicle
April 3, 2012
DealerTrack's new Audit Protect program generates electronic audit reports and offers offline call support to subscribers of the company's compliance solutions.
Tags: Compliance, DEALERTRACK, Federal Trade Commission
March 22, 2012
DealerTrack Registration and Titling Services Group is helping California dealers comply with a new state law that will take effect in July. It will require that all used vehicle offered for sale have a vehicles history report pulled from the National Motor Vehicle Title and Information System (NMVTIS).
Tags: California, California New Car Dealers Association, Compliance, DEALERTRACK
March 15, 2012
Five car dealers have agreed to Federal Trade Commission settlement orders that require them to stop running ads in which they promise to pay off a consumer's trade-in no matter what the consumer owes on the vehicle.
Tags: Compliance, Dealer Advertising, Regulation Z, TILA
March 13, 2012
DealerTrack will host several DealerTrack University webinars on best practices in the areas of mobile, leasing and compliance this month.
Tags: Compliance, DEALERTRACK, leasing, mobile applications, mobile solution, training, vehicle leasing
February 15, 2012
RouteOne LLC introduced the Compliance Dashboard, a free tool that provides dealers with a visual assessment of the dealership's compliance status for all applicable deals.
Tags: business tools, Compliance, dealer, digital compliance
January 31, 2012
E-Credit Express Inc. announced that it has integrated Carleton’s SmartDocs and SmartCalcs hosted web services into the company’s lender management platform.
Tags: Carleton, Compliance, E-Credit Express, lender, lender management software
January 17, 2012
TrueCar Inc. announced a nationwide strategy to tackle regulatory compliance issues in an effort to demonstrate its commitment to state regulators, state dealer associations and its dealer partners.
Tags: Compliance, TrueCar
Automotive Compliance Consultants announced that dealership management need to make sure that anyone employed after 1986 completes I-9 Employment Verification paperwork as required by law.
Tags: Automotive Compliance Consultants, Compliance, Hiring
January 5, 2012
President Obama appointed Richard Cordray as director of the Consumer Financial Protection Bureau yesterday.
Tags: CFPB, Compliance, Consumer Financial Protection Bureau, Obama administration
January 3, 2012
Automotive Compliance Consultants added 50 new dealership clients in the last six months and experienced a 12 percent increase in business last year.
Tags: Automotive Compliance Consultants, Compliance, dealer, Equifax, Experian, TransUnion
December 20, 2011
After hitting an impasse with auto industry skeptics, TrueCar is facing another setback. The embattled company and its dealers were notified by the Colorado Department of Revenue that they could be in violation of five of the state’s advertising rules.
Tags: Colorado, Compliance, LEGAL, marketing, TrueCar, Web Marketing
December 13, 2011
Experian Automotive launched a new app for Android and iPhone devices that provides used-car buyers with access to the company’s vehicle history reports.
Tags: Compliance, Experian, mobile applications, mobile solution, Vehicle History Reports
DealerTrack announced it will host a free webinar on the most critical compliance issues dealerships face today.
Tags: Compliance, DEALERTRACK, training
November 17, 2011
Hudson Cook LLP’s new partner, Angela Maynard Shovein, is a consumer compliance and privacy law specialist whose career spans more than 20 years.
Tags: Compliance, finance, Hudson Cook LLP
September 15, 2011
Wolters Kluwer Financial Services announced that MB Financial Bank is expanding its use of the AppOne Platform to help with its expansion into personal watercraft and powersports markets.
Tags: AppOne loan platform, Compliance, credit, indirect lending, MB Financial Bank, Wolters Kluwer Financial Services
National Credit Center (NCC) has partnered with Twin Cities Automotive LLC to provide the Minnesota-based auto group with credit reporting services and credit compliance solutions.
Tags: Compliance, credit, credit reports, National Credit Center
September 8, 2011
A reform bill that would allow California auto dealers to raise document fees by at least $25 was passed last week by the state legislature. The bill now awaits Gov. Jerry Brown’s signature.
Tags: Compliance, electronic lien and titles, new vehicle registrations, regulations, tax and title fees
September 1, 2011
The National Labor Relations Board (NLRB)’s review of 14 cases involving the dismissal of employees over posts made on social media sites showed just how much technology has outpaced current labor laws.
Tags: Compli, Compliance, digital compliance, Internet, policies and procedures, Social Media, Web tools
August 16, 2011
700Credit has released an updated Adverse Action Notice template designed to keep dealerships in compliance with the Dodd-Frank Act.
Tags: 700Credit, Adverse Action Notice, Compliance, Dodd-Frank Act, mailers
August 2, 2011
DealerTrack’s new feature is designed to allow users of its credit application network to generate Adverse Action Notices and new credit disclosures mandated by recently passed laws.
Tags: Compliance, credit, credit applications, DEALERTRACK, Dodd-Frank Act, Software
July 25, 2011
John Palmer, president and CEO of ProMax Unlimited, will present two seminars at the the upcoming 2011 Special Finance Conference, scheduled for September 26-28 at the Las Vegas Hilton.
Tags: Compliance, Industry Summit 2011, lead generation, ProMax Online, special finance
July 19, 2011
President Obama nominated former Ohio Attorney General Richard Cordray to serve as the director of the new Consumer Financial Protection Bureau (CFPB) agency. Cordray has served as head of the CFPB’s enforcement division for the last six months.
Tags: CFPB, Compliance, Consumer Financial Protection Bureau, Hudson Cook LLP, LEGAL, Obama administration
July 7, 2011
The Federal Trade Commission’s second roundtable will be staged at St. Mary's University School of Law on Aug. 2-3.
Tags: CFPB, Compliance, Consumer Financial Protection Bureau, Dodd-Frank Act, FEDERAL REGULATION, Federal Reserve, Federal Trade Commission, Hudson Cook LLP, regulations
Get up-to-the-minute news and information about the automotive finance and insurance industry. SUBSCRIBE!
View the latest e-newsletter eWeekly
By Gregory Arroyo Guitar Center is doing its best to prove the editor’s 10-year-old prediction that brick-and-mortar retailers would always have a role in the online shopping experience.
By Marv Eleazer The magazine’s from-the-trenches blogger describes how his days as a spitfire preacher influenced his style in the F&I office — and not the way you might think.
By Cory Mosley The magazine’s sales expert explains how you can plan and execute long-term strategies without losing sight of your day-to-day responsibilities.
By Jim Ziegler ‘Da Man’ gets a little reflective about his recent surgery before regaining form and doing what he does best.
Save time and money. Search for auto-dealer jobs. Advance your career. Access our career coaching services.
$10.00
In This Issue Here are some of the Highlights: