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CREDCO Hosts Free Red Flags Compliance Webinar

September 29, 2008

First Advantage CREDCO, a provider of automotive specialty credit reporting and identity verification services, in collaboration with Hudson Cook LLP and Compli, will host a comprehensive webinar for U.S. automotive dealerships. It will focus on the legal process and data requirements for developing a Red Flags Rule compliance program.

The webinar, "You and The Red Flags Rule: The Definitive 4-1-1 for Automotive Dealers," is offered free of charge and limited to the first 1,000 registrants. It will be held on Thursday, Oct. 9, 2008 from 9 to 10 a.m. PDT.

It will feature a discussion of the rule's requirements by Hudson Cook LLP, compliance process advice from Compli and guidance on identity verification data from First Advantage CREDCO, the Red Flags webinar is designed specifically to address the critical components and training requirements associated with the Red Flags Rule, which automotive dealers are mandated to comply with by Nov. 1.

Attendees will learn about the risk and exposure of identity theft; legal requirements of the Red Flags Rule; systems and process tools to keep dealers on track; how to best communicate and document compliance; consumer data solutions to help satisfy compliance obligations; and recommendations for creating a dealer's own red flags program.

Attending dealers will benefit from three of the most influential industry experts by gaining a greater understanding of the Red Flags Rule so that they can effectively create and implement an identity theft prevention program for their dealerships. Presenters of the Webinar will be Michael Benoit, partner at Hudson Cook LLP, Robert Miller, Esq., founder of Compli; Cres Hay, senior product manager of First Advantage CREDCO, and Eric Rumsey, president of First Advantage CREDCO as the moderator.

"Helping dealers understand the fundamental elements of the Red Flags Rule is our number-one objective," said Michael Benoit, partner with Hudson Cook LLP. "This webinar gives us an opportunity to offer a clear, easy-to-understand explanation of the rule's requirements that will assist dealers in achieving their compliance obligations."

"We're pleased to participate in this one-time event to help ease the minds of dealers concerning the compliance requirements around the Red Flags Rule," said Robert Miller, founder of Compli. "Dealers will gain practical, first-hand knowledge on the compliance processes and on-demand software tools they need to help them satisfy the mandate."

"For nearly two years, automotive dealers have been hearing bits and pieces about the Red Flags Rule and, as a result, have a lot of questions concerning its interpretation and fundamental requirements," said Eric Rumsey, president of First Advantage CREDCO. "We're pleased to offer this very unique opportunity for dealers to learn everything they need to know – such as the legal, process and data components of the rule – in a single presentation."

This webinar is open to owners, dealer principals, CEOs, CFOs, controllers, general managers, sales general managers, F&I managers, compliance managers, program coordinators and/or anyone designated as responsible for their dealership's Red Flags Program.

This valuable one-time webinar is available free of charge and limited to the first 1,000 registrants. Attendees do not need to be Hudson Cook, Compli or First Advantage CREDCO clients to participate. Register at www.CREDCOservices.com/Webinar.

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