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Compliance

NewsNovember 17, 2009

Former Chicago Dealer Charged With 11 Counts of Mail and Wire Fraud

The former owner of a Chicago car dealership was arrested Nov. 6 on federal charges alleging that he and two former employees, who also were charged, engaged in a fraud scheme involving more than 100 vehicles and caused lending institutions, car dealerships, and customers to lose nearly $2.8 million.

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NewsNovember 17, 2009

Financial Regulatory Rules and Enforcement May Increase in 2010

A growing sense of empowerment many financial services regulators gained under President Barack Obama’s administration in 2009 will likely transform into a broad array of new rules and agencies, as well as stepped-up enforcement actions in 2010, according to regulatory compliance experts at Wolters Kluwer Financial Services.

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NewsNovember 10, 2009

Sonic Dealerships to Use RouteOne Compliance Products

RouteOne announced today that Sonic Automotive Inc. will subscribe all of its dealerships nationwide to RouteOne's identity verification and electronic document storage products.

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NewsNovember 4, 2009

Hudson Cook LLP Partner Buiteweg Elected to ALI

Hudson Cook LLP, a nationwide provider of legal compliance services for the financial services industry, announced that Thomas J. Buiteweg, a partner at the firm’s Ann Arbor, Mich., office, has been elected to The American Law Institute (ALI).

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NewsNovember 2, 2009

Red Flags Rule Delayed Again

The Federal Trade Commission (FTC) announced Friday it is delaying enforcement of the Red Flags Rule until June 1, 2010.

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NewsOctober 22, 2009

Lawmakers Pass Amendment to Exclude Auto Dealers from New Federal Agency

The House Financial Services Committee approved a key amendment, 47-21, to keep automobile dealers under the already effective state and federal laws which govern vehicle financing.

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NewsOctober 6, 2009

DealerTrack Adds Red Flags Reporting to Its Compliance Solution

DealerTrack Inc., a provider of on-demand software and data solutions, added red flags reporting to its DealerTrack Compliance Solution to help dealers better track their identity theft prevention programs and to more effectively monitor dealership activity.

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NewsOctober 1, 2009

AAS Launches Multistate Audit Program

Auto Advisory Services (AAS) launches today a new Multistate Audit Program by conducting its first compliance audits of automobile dealerships in New York and New Jersey.

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NewsSeptember 29, 2009

Leedom BHPH Convention Unveils Show Agenda

The education committee for The Leedom Group’s 15th Annual Buy-Here, Pay-Here National Convention unveiled its lineup of speakers, workshops and panels for the three-day event, which will be held Oct. 12-14 at Caesars Palace in Las Vegas.

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NewsSeptember 24, 2009

AFSAEF Offers Free Resources for Consumer Financial Protection

The American Financial Services Association Education Foundation (AFSAEF) introduced two new resources to help borrowers take steps to protect their finances.

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