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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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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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Knowing what triggers an adverse action notice can definitely be baffling, but so can the rules governing content and timing. Legal expert weighs in with part II of F&I's series on adverse action notices.
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A special event held in protest of the Consumer Product Safety Improvement Act (CSPIA) of 2008 at legendary racer Malcolm Smith’s dealership on March 19 drew nearly 400 supporters and heavy media attention.
Read More →Compli, a provider of dealership compliance management software, said the use of its Dealership Compliance Management System (DCMS) by Group 1 Automotive in Houston, Texas, has helped the dealership group reach a 98 percent Red Flags compliance level in less than two weeks.
Read More →The Motorcycle Industry Council (MIC), along with the Specialty Vehicle Institute of America (SVIA), are supporting two new bills that would overturn the lead ban created by the Consumer Product Safety Improvement Act (CPSIA) of 2008, which brought the sales of off-highway motorcycles and ATVs designed for kids 12 and under to an abrupt halt on Feb. 10, 2009.
Read More →Wolters Kluwer Financial Services announced that Solex, which provides technology to help the RV and marine industries streamline the finance and insurance (F&I) process, will offer its Red Flags Tool Kit to RV and marine dealerships across the U.S.
Read More →Two Montana lawmakers have proposed legislation to amend the Consumer Product Safety Improvement Act (CPSIA), a new law aimed at keeping products that contain high levels of lead away from children.
Read More →An Orange County, Calif., man who owned two Lamborghini dealerships that sold up to 5 percent of all Lamborghinis sold in the world has agreed to plead guilty in a scheme to bilk his floorplanning provider out of millions of dollars.
Read More →National Credit Center (NCC), a provider of credit reporting and compliance services to the automotive industry, has developed a complete solution for the Red Flags Rule.
Read More →NAC, a provider of F&I products and software, has introduced a new program, called NAC Solution, designed to address compliance, training, customer retention, and the F&I products and services the company offers.
Read More →A bill that would allow vehicle dealers to triple documentation fees would also strengthen disclosure rules related to those fees.
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