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Compliance

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January 17, 2012 - Industry News

Compliance Consultants Issue I-9 Laws Warning

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 12, 2012 - Industry News

Okla. Commission Says TrueCar Violates Dealer Rules

Oklahoma became the latest state to put the brakes on TrueCar, with the state’s motor vehicle commission deeming the service in violation of the state’s dealer licensing laws.

Tags: Legal, Oklahoma, TrueCar

January 10, 2012 - Industry News

Calif. Legislators Seek New Rules for BHPH

California State Assembly Member Mike Feuer (D–Los Angeles) and State Sen. Ted W. Lieu (D–Torrance) have proposed legislation that would introduce new rules designed to “rein in abusive practices” of buy here, pay here dealers statewide.

Tags: buy here, buy-here, financial legislation, Legal, legislation, National Alliance of Buy Here, pay here, Pay Here Dealers, pay-here

January 10, 2012 - Industry News

Virginia Dealer Board Says TrueCar Violates Licensing Laws

The Virginia motor vehicle dealer board ruled yesterday that TrueCar’s business model is in violation of the state’s dealer licensing laws, which prohibit third-party services from acting on behalf of the dealer in the sale of a motor vehicle.

Tags: Internet Leads, lead generation, Legal, third-party servicing, trigger leads, TrueCar

January 5, 2012 - Industry News

Obama Appoints Cordray as CFPB Director

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 - Industry News

ACC Reports 12 Percent Increase in 2011 Business

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 29, 2011 - Industry News

RouteOne Adds eSignature Capability to Tablet App

RouteOne LLC announced that dealers using its eContracting solution can now use the Apple iPad or Android tablet as an alternate signature-capturing device for signing eDocuments.

Tags: Android, e-contracting, iPad Business Applications, Mobile Applications, RouteOne

December 27, 2011 - Industry News

DADS Integrates Chrome, Black Book Into DMS Offering

Dynamique Auto Dealer Solutions Inc. announced further integration of its DMS-Sales Edition, a cloud-based dealer management system, with Carfax’s vehicle history reports, Black Book’s vehicle valuation data and Chrome’s VIN lookup and trim information.

Tags: Black Book Online, Carfax, Chrome Systems, DADS, dealership management system, DMS, Dynamique Auto Dealer Solutions Inc.

December 27, 2011 - Industry News

iTapMenu Launches F&I Menu App for Apple iPad

iTapMenu announced the launch of its web-based sales presentation tool for the Apple iPad.

Tags: F&I menu, F&I menus, F&I Presentation, Internet, iPad, iPad Business Applications, iTapMenu, menu program, Mobile Applications, software

December 20, 2011 - Industry News

Colorado Puts the Brakes on TrueCar

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 - Industry News

Experian Automotive Launches Vehicle History Reporting App

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

December 13, 2011 - Industry News

DealerTrack to Host Compliance Webinar

DealerTrack announced it will host a free webinar on the most critical compliance issues dealerships face today.

Tags: compliance, Dealertrack, training

December 8, 2011 - Industry News

Hudson Cook Adds Three Attorneys, Opens New England Offices

Hudson Cook LLP announced the addition attorneys Lori A. Desjardins, Thomas P. Quinn Jr. and Ryan S. Stinneford, as well as the establishment of the firm’s New England offices.

Tags: Hudson Cook LLP, Legal

November 17, 2011 - Industry News

Hudson Cook Adds New Partner

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

November 8, 2011 - Industry News

VINtek to Manage ELT for Navy Army Federal CU

VINtek will manage automotive collateral and electronic lien and titling for Navy Army Federal Credit Union’s more than 90,000 members through the VINtekTIME platform.

Tags: credit unions, electronic document storage, electronic lien and titles, Navy Army Federal Credit Union, VINtek, VINtekTIME

October 27, 2011 - Industry News

FTC to Hold Third Roundtable in Washington, D.C., Next Month

At its next ‘Listening Tour’ event, slated for November, the Federal Trade Commission will discuss the information it has picked up at its previous two roundtable gatherings.

Tags: Federal Trade Commission, Finance, leasing, new-vehicle leasing, vehicle leasing

October 13, 2011 - Industry News

Reynolds, California Dealer Group Partner to Develop F&I Forms Library

Reynolds has partnered with the California New Car Dealers Association to jointly develop an F&I forms library that will be made available to California dealerships in both paper and electronic formats.

Tags: California New Car Dealers Association, documentation, e-contracting, electronic document storage, electronic signatures, Reynolds & Reynolds

September 29, 2011 - Industry News

Governor Signs Car-Buying Reform Bill

Gov. Jerry Brown signed legislation on Sept. 26 that will allow California auto dealers to raise document fees by at least $25.

Tags: electronic lien and titles, electronic signatures, New Vehicle Registrations

September 15, 2011 - Industry News

MB Financial Bank, Wolters Kluwer Expand Relationship

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

September 15, 2011 - Industry News

NCC to Provide Credit Reporting Services for Twin Cities Automotive

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 - Industry News

California Dealers Could Raise Doc Fees Under New Reform Bill

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 - Industry News

Social Media Challenging Employers, NLRB Report Reveals

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 - Industry News

700Credit Updates Dodd-Frank Compliance Solutions

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 15, 2011 - Industry News

MaximTrak Launches New Platform for Providers and Administrators

MaximTrak Technologies announced the launch of e-TRAK, a new digital platform that streamlines communications between the provider and the F&I office.

Tags: e-contracting, electronic signatures, F&I menus, MaximTrak, menu program, New Vehicle Registrations

August 9, 2011 - Industry News

SNAAC Launches E-Signature on SNAACNow.com

Security National Automotive Acceptance Corporation’s new E-Signature product for SNAACNow.com ensures that the buyer reviews contracts and documents that are filled in completely prior to signing.

Tags: electronic signatures, Security National Automotive Acceptance Corporatio, SNAAC