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Line 1 Is Not a Junk Drawer
Rolling products into the cash price — even if the bank told you to — misrepresents the vehicle’s value and runs afoul of four federal laws.
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F&I Showroom Magazine
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SEARCHMENUSEARCHRolling products into the cash price — even if the bank told you to — misrepresents the vehicle’s value and runs afoul of four federal laws.
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Under the new bill, the Texas Department of Motor Vehicles will join states like Arizona and California in transitioning to electronic lien and titling. The move is expected to reduce costs and eliminate the state’s exposure to fraud.
Read More →Aimed at telemarketers of vehicle service contracts, Senate Bill 132 was signed into law last week and will provide further oversight on service contract sales in Missouri.
Read More →The Federal Trade Commission’s second roundtable will be staged at St. Mary's University School of Law on Aug. 2-3.
Read More →The leadership may still be up for grabs at the CFPB, but the newly formed consumer watchdog agency will hit the ground running on July 21.
Read More →Dealers will remain exempt from certain data collection requirements under ECOA until the Federal Reserve Board issues final regulations.
Read More →DealerTrack announced the company will offer a $25,000 Red Flags Guarantee to cover associated government-issued fines should a dealership be cited for noncompliance with the Red Flags Rule while using the DealerTrack Compliance Solution.
Read More →A new CarGurus study suggests that a car dealer's candor and responsiveness carry significant weight with an online shopper and can make or break a sale, sometimes even before the consumer meets the dealer in person.
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Before you select your next compliance software tool, read this primer on connecting technology to your dealership’s compliance processes.
Read More →Can the FTC balance what consumer advocates want and what industry reps say is needed? The magazine’s legal wiz says that time will tell.
Read More →If your dealership is near a navigable creek, stream or other waterway and stores oil, oil sludge, waste oil or fuel oil, the EPA Spill Prevention, Control, and Countermeasure (SPCC) regulation, which takes effect in November, applies to you.
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