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January 10, 2011 - Industry News

Finance Express Provides Compliance Tools </br> for RBP Rule, New Privacy Policy Notices

Finance Express, a provider of Web-based financial services for independent dealerships, has created a solution to help dealers comply with the Federal Trade Commission (FTC)'s Risk-Based Pricing (RBP) Rule and new privacy policy, which became effective Jan. 1.

Tags: compliance, Federal Trade Commission, Finance Express, privacy policy, Red Flags Rule, Risk-Based Pricing Rule

September 7, 2010 - Industry News

Compli Releases New HR Software Solution

Compli, a provider of human resources and compliance management software, has released Compli 6.5, a program that manages the entire employment lifecycle.

Tags: Compli, compliance, employment lifecycle

July 30, 2010 - Industry News

UDS Launches F&I Training Webinar Series

United Development Systems Inc. has launched the “UDS Webinar Series,” which brings the company’s award-winning F&I training direct to dealers.

Tags: compliance, lender strategies, training

June 11, 2010 - Industry News

CARLAW III Reloaded Offers Dealers Compliance Lessons

Tom Hudson and Emily Beck continue the legal fun with their latest edition of the CARLAW book series.

Tags: compliance

June 1, 2010 - Industry News

DealerTrack Upgrades Compliance Solution With Dashboard Tool

The Compliance Dashboard allows a dealer to monitor his or her dealership's compliance activity with a real-time, birds-eye view from a single screen.

Software provider DealerTrack Inc. enhanced its compliance solution with the addition of the new Compliance Dashboard tool, which provides an overview of compliance-related activity on a dealership's current deals on a single screen.

Tags: compliance, Dealertrack

May 25, 2010 - Industry News

VisionMenu Offers Free Powersports F&I Training Program

VisionMenu Inc. released a free online F&I sales and compliance course for powersports F&I managers. The three-hour training course, which covers the F&I sales process, F&I products, menu-selling and compliance, is a standard feature of VisionMenu and VisionMenu Plus.

Tags: compliance, F&I menus, F&I products, Sales Tactics, training

March 23, 2010 - Industry News

Wolters Kluwer Unveils Compliance Tool for BHPH Dealers

Wolters Kluwer Financial Services has added a new resource for buy-here, pay-here (BHPH) dealers to its CompliSource solution, an online compliance tool for managing compliance with the state laws that govern direct and indirect lending.

Tags: buy-here, pay-here , compliance, Wolters Kluwer Financial Services

March 18, 2010 - Industry News

Compli Releases Version 6.0 of Workforce Management System

Compli, a provider of workforce and compliance management software, released Version 6.0 of the Compli Workforce Management System.

Tags: compliance

January 26, 2010 - Industry News

Wyoming Used-Car Dealer Convicted for Odometer Tampering

After a two-week trial, a federal jury in Cheyenne, Wyo., convicted on Jan. 21 Randy Lee (aka Jimmy Lee) on 11 of 14 felony counts with which he was charged, the Justice Department announced.

Tags: compliance, used vehicles

January 11, 2010 - Industry News

Pennsylvania AG Files Lawsuit Against Used-Car Warranty Company

A Lackawanna County, Penn., used-car warranty company and its operators, accused of defrauding thousands of motorists across the country, are the subject of a lawsuit filed by the state’s Attorney General's Bureau of Consumer Protection.

Tags: compliance, fraud, used vehicles

December 23, 2009 - Industry News

Florida Orders Four Companies to Stop Selling VSCs

The Florida Office of Insurance Regulation issued on Dec. 21 an order to National Automotive Services Inc.; Warranty Financial Inc. a/k/a Warranty Financial O.R.G. Inc.; Warranty USA; and Warranty Services to cease and desist transacting the unauthorized marketing and selling of motor vehicle service agreement products in the state.

Tags: compliance, vehicle service products

December 3, 2009 - Industry News

Compli Releases Time-Off Tracker for Auto Dealerships

Compli, a provider of on-demand workforce and compliance management software for auto dealers, introduces its Time-Off Tracker, a color-coded dashboard calendar that gives management a real-time snapshot of its department coverage by day, week and month.

Tags: Compli, compliance

November 17, 2009 - Industry News

Former Chicago Dealer Charged With 11 Counts of Mail and Wire Fraud

The former owner of a Chicago car dealership was arrested Nov. 6 on federal charges alleging that he and two former employees, who also were charged, engaged in a fraud scheme involving more than 100 vehicles and caused lending institutions, car dealerships, and customers to lose nearly $2.8 million.

Tags: compliance, fraud

November 17, 2009 - Industry News

Financial Regulatory Rules and Enforcement May Increase in 2010

A growing sense of empowerment many financial services regulators gained under President Barack Obama’s administration in 2009 will likely transform into a broad array of new rules and agencies, as well as stepped-up enforcement actions in 2010, according to regulatory compliance experts at Wolters Kluwer Financial Services.

Tags: compliance, Wolters Kluwer Financial Services

November 10, 2009 - Industry News

Sonic Dealerships to Use RouteOne Compliance Products

RouteOne announced today that Sonic Automotive Inc. will subscribe all of its dealerships nationwide to RouteOne's identity verification and electronic document storage products.

Tags: compliance, electronic document storage, identity verification, RouteOne, Sonic Automotive

October 1, 2009 - Industry News

AAS Launches Multistate Audit Program

Auto Advisory Services (AAS) launches today a new Multistate Audit Program by conducting its first compliance audits of automobile dealerships in New York and New Jersey.

Tags: compliance, Equal Credit Opportunity Act, Fair Credit Reporting Act, Gramm-Leach-Bliley

July 28, 2009 - Industry News

Recovery Compliance Solutions to Handle GMAC’s Repossession Vendors

Recovery Compliance Solutions, a provider of repossession compliance monitoring solutions, partnered with GMAC Financial Services to manage and verify its repossession vendors’ information, ensuring they remain compliant with state and local standards.

Tags: compliance, GMAC Financial Services

June 17, 2009 - Industry News

Wolters Kluwer Creates Indirect Lending Business Unit

Wolters Kluwer Financial Services has formed an indirect lending business unit to expand its reach across the broader indirect lending market.

Tags: compliance, Indirect Lending, Wolters Kluwer Financial Services

May 1, 2009 - Industry News

FTC Issues Three-Month Delay of Enforcement of 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, Federal Trade Commission, Red Flags Rule

April 21, 2009 - Industry News

Automotive Compliance Consultants Offers Compliance and Auditing Solution

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 Notice, compliance, Red Flags Rule

March 30, 2009 - Industry News

Group 1 Automotive Achieves Red Flags Compliance

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 Rule