First Advantage CREDCO, a provider of automotive specialty credit reporting solutions, has partnered with Compli to deliver a complete compliance tool set for automotive dealers and their mutual customers.
First Advantage CREDCO will leverage its best-in-class consumer data with Compli's compliance management software solutions. Participating U.S. automotive dealers will benefit from a robust compliance solution that will help them meet local, state and federal regulatory requirements, including the Red Flags Rule that went into effect Jan. 1, 2008.
The partnership means that automotive dealers can now conveniently access, store, manage and monitor reliable consumer data along with regulatory requirements, and take timely action on compliance deliverables.
"We're excited to join First Advantage CREDCO to deliver an efficient, comprehensive compliance solution for our mutual dealer customers," said Lon Leneve, president of Compli. "Pairing up First Advantage CREDCO's industry-leading consumer data with our compliance management platform will greatly simplify dealers' overall processes and ease their compliance concerns."
"Mounting compliance requirements can distract dealerships from their overall sales directive," said Kevin Clements, senior vice president of corporate development for First Advantage CREDCO. "Partnering with Compli enables us to jointly provide a convenient and reliable means to access consumer data and maintain regulatory compliance so dealers can stay focused in this increasingly competitive market."
The partnership is expected to expand to include the integration of additional value-added data and technology to simplify the overall compliance process. Dealers can look forward to relying more on one convenient source to help them stay on track with ongoing regulatory and compliance requirements.