What is a Compliance Management System?
A CMS is the method by which a dealer manages the entire compliance process, including not only a compliance program, but also an audit function.
Gil Van Over of Automotive Compliance Education (ACE) tackles your most pressing regulatory concerns and the latest enforcement actions.
A CMS is the method by which a dealer manages the entire compliance process, including not only a compliance program, but also an audit function.
Compliance expert examines the Fair Credit Program and its influence on dealers.
The effective and consistent use of a checklist improves the deal, improves your CITs and will help with your compliance controls.
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.
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