NORTH HILLS, N.Y. — Integrated dealership technologies provider Dealertrack (div. Cox Automotive) has released its 2018 Compliance Guide, which outlines the changes and updates in compliance that will affect dealers in 2018. Now in its 13th year, the Compliance Guide is a popular resource on current trends and best practices in F&I compliance.
“Dealers understand that compliance can be critical to their bottom line, but many do not know how to balance staying current in today’s ever-changing regulatory environment with the day-to-day needs of running and growing their business,” said Jay Seirmarco, assistant general counsel at Cox Automotive. “For the last 13 years, Dealertrack has offered the Compliance Guide, free of charge, because we know how valuable such a resource can be for dealers seeking to improve their dealership’s operational efficiency.”
With “Confidence in Every Deal” as this year’s theme, the guide focuses on the Consumer Financial Protection Bureau’s examination of automotive dealer transactions under the Larger Participant Rule. It is further anticipated that the CFPB will seek to enforce compliance with federal consumer credit protection laws in auto financing. Additionally, it is expected that the Federal Trade Commission will continue to examine claims of so-called “yo-yo” financing and perhaps initiate claims related to lack of disclosure of applicable safety recalls for vehicles at dealerships.
To register to receive a complimentary copy of Dealertrack’s 2018 Compliance Guide, click here.