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Compliance

NewsMarch 30, 2009

Group 1 Automotive Achieves Red Flags Compliance

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.

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NewsMarch 27, 2009

MIC Supports Proposed Bills That Reverse Ban on Youth Off-Highway Vehicles

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.

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NewsMarch 23, 2009

Solex Offers Wolters Kluwer’s Red Flags Tool Kit to RV and Marine Dealerships

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.

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NewsMarch 19, 2009

Proposed Dirt Bike Bill Aimed at Reversing Lead Law

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.

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NewsMarch 12, 2009

California Dealer Pleads Guilty to Federal Fraud Charges

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.

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NewsMarch 11, 2009

National Credit Center Develops Red Flag Solution

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.

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NewsMarch 10, 2009

NAC Provides Dealers With All-in-One Program

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.

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NewsMarch 5, 2009

Washington State Considers “Doc Fee” Bills

A bill that would allow vehicle dealers to triple documentation fees would also strengthen disclosure rules related to those fees.

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NewsMarch 5, 2009

Lead Ban Could Lead to $1 Billion Loss for Industry, Says MIC

The new lead rule that banned the sale of many youth all-terrain vehicles and motorcycles could lead to a $1 billion annual loss for the industry, predicts the Motorcycle Industry Council (MIC).

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NewsMarch 3, 2009

Hudson Cook Receives Award for Legal Reference Book

Hudson Cook LLP, a nationwide provider of legal compliance services for the financial services industry, has received the silver medal award in the 2009 annual Axiom Business Books Awards competition for its book, “CARLAW F&I Legal Desk Book.”

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