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BofA and TransUnion Executives Join Compliance Advisory Council

June 09, 2006

LAKE SUCCESS, N.Y. -- John Hyatt of Bank of America and Michael Lines of TransUnion have joined DealerTrack's Compliance Advisory Council. The Council was formed to assist DealerTrack in its efforts to educate dealers about compliance issues and in developing additional products that help dealers better manage their compliance risks. Other founding members include Thomas B. Hudson, partner of Hudson Cook LLP; Mark Kirshbaum, president of Experian's fraud solutions division; and representatives from DealerTrack's legal and management team.

“With so much pressure to safeguard consumers from identity theft, fraud and privacy invasion, dealers are increasingly challenged to keep their F&I departments up to date with the latest state and federal regulations," said Mark O'Neil, chairman and CEO of DealerTrack. "Our Compliance Advisory Council brings together experts with wide-ranging experience in automotive compliance issues, and will help us support our dealer customers in this shifting environment."

Hyatt is an automobile retail credit executive for Bank of America and is responsible for retail underwriting and fulfillment for all the bank's automobile loans. He brings expertise in consumer lending and dealer services to the DealerTrack Council, as well as experience in strategic planning, marketing and financial analysis.

Lines is chief security officer of TransUnion. He joined the company in 2005 and is responsible for enterprise-wide information security, data protection and physical security of the TransUnion organization and its international and domestic subsidiaries.

DealerTrack’s Compliance Guide is a free booklet designed to educate dealers about issues related to compliance and offer recommended practices. The guide, available in both printed and electronic formats, covers the following areas: consumer privacy, data security and identity theft; credit applications and contracts; aftermarket selling; and recordkeeping and destruction. It also contains a glossary explaining key compliance terms.

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