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Dealers must be careful they don’t run afoul of the law when it comes to such deceptive practices, as there are many cases pointing to the potential bad ends of such deals.
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In these tough economic times, many dealers are looking for ways to cut expenses and protect cash flow. Some will feel the need to cut back on advertising, while others will recognize that advertising can be a lifeline in a down market.
Read More →Compliance expert explains what situations require dealers to send adverse action notices to consumers.
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There were the three Cs of consumer credit, but today's credit crisis has probably tacked on two more Cs. Compliance expert makes the argument for a sixth "C."
Read More →The powersports industry is lobbying Washington legislators after a failed attempt to exclude youth motorcycles and ATVs from a new law aimed at protecting children from lead in toys.
Read More →Tough times usually mean an increase in the number of consumer complaints filed against retailers and creditors, at least that's been the case in my experience. So, as we face what many believe will be a difficult year for profits, it’s probably a good idea for you to be diligent about enforcing your store’s compliance policies and procedures.
Read More →The Red Flag Rule will definitely be a hot topic at this year's National Automobile Dealers Association (NADA) convention. Here are a few questions to help you find the right solution.
Read More →Before you start searching for the finalized document on the Red Flag Rule, understand that it's 256 pages.
Read More →Dealers will need to know how to react when a red flag is raised, and will have to document each situation.
Read More →A Red Flag is a pattern, practice or specific activity that indicates the possible existence of identity theft.
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