Gil Van Over of Automotive Compliance Education (ACE) tackles your most pressing regulatory concerns and the latest enforcement actions.
A dealership sold and financed a vehicle to an identity thief, even after seven red flags were identified. Truly managing the process means vetting and clearing any red flags before delivering the vehicle.
You may sell a vehicle for more than the MSRP, but just be sure you do it right.
There are five key credit determinants that lending institutions take into consideration when making the decision to extend credit.
All four of our currently available data points suggest that a dealer cannot charge a consumer for a CPO warranty at the point of sale.
A compliant credit application process is a pivotal part of the job. Do not let the process slip or a dealership could find themselves in some deep water.
We all know identity theft is running rampant across the nation, making it even more important for dealers to do their due diligence when it comes to the digital delivery process.
If you do not have a CMS and continuous monitoring in place now, today is a good day to start.
One of the most important things a dealership can incorporate is consistent processes, and that includes a defensible paper trail.
Compliance expert shares simple tips you can use to structure your “road to the sale” training.
Knowing when to file FinCEN 83011 is serious stuff that could subject the dealership to significant fines after an audit. A little bit of training upfront could avoid some pain later.
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