POWAY, Calif. and PORTLAND, Ore. — Specialty credit reporting solutions provider First Advantage CREDCO has partnered with compliance solutions provider Compli to deliver a complete compliance tool set for automotive dealers and their mutual customers.
"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."
The partnership will leverage First Advantage CREDCO's consumer data with Compli's compliance management software solutions. The new initiative was designed to provide U.S. dealers with a robust compliance solution that will help them meet local, state and federal regulatory requirements, including the Federal Trade Commission's Red Flags Rule.
"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 companies stated that they hope to expand the partnership to include the integration of additional value-added data and technology to simplify the overall compliance process.