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Compliance

ArticlesNovember 1, 2008

26 Red Flags Revealed

Here are 26 examples of red flags, which were gleaned from the Identity Theft Red Flags and Address Discrepancies under the Fair and Accurate Credit Transactions Act of 2003.

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ArticlesNovember 1, 2008

Dissecting the Red Flags Rule

Powersports dealers got a little reprieve after the Federal Trade Commission announced that it would extend the enforcement deadline for the new Red Flags Rule. Compliance expert breaks down the new rule and what dealers need to do to comply.

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ArticlesCover StoryNovember 1, 2008

Powersports F&I Conference: Dealers Speak Out

The credit crunch might have been on the minds of dealers at the PowerSports F&I Conference, but compliance and processes still ruled the show. Read what these dealers had to say about the industry and what dealers need to be doing.

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ArticlesNovember 1, 2008

Pound for Pound, Prevention Always Wins

I have the opportunity to work with several clients that provide sales and F&I training to dealers. On those occasions where I’m asked to help develop training content, I always include a section on payment packing.

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ArticlesNovember 1, 2008

The Truth Behind OFAC Compliance

OFAC checks might seem useless, but not complying could mean 10 to 30 years in prison. Find out why compliance is a good thing and how it can act as a first line of defense.

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NewsOctober 22, 2008

FTC Extends Red Flags Compliance Deadline to May 1, 2009

In an unexpected move, the Federal Trade Commission (FTC) announced that it will delay its planned enforcement deadline of the Red Flags Rules to May 1, 2009.

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ArticlesOctober 1, 2008

FTC Disconnecting Telemarketing

Dealers have all kinds of technology available these days to help them increase profitability, operate more efficiently, and generally make their lives easier. Like anything else, technology can come with legal baggage, and care must be taken to avoid an unintended compliance violation.

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ArticlesSeptember 1, 2008

Full Disclosure: New Rule Proposed for Dealers

Way back in 2003, Congress passed the Fair and Accurate Credit Transactions Act (FACTA). For us lawyers, it’s the gift that keeps on giving.

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Articlesby Gregory ArroyoSeptember 1, 2008

Be Careful What You Ask For

Nothing could describe the month of July better than a headline I read in CNW Market Research’s July 16 newsletter. It read: “Time to Panic: Industry Pushes Into Auto DefCon4.” I wonder what the headline would have read if the newsletter was released nine days later.

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ArticlesSeptember 1, 2008

Get Smart, Get It Right

“Missed it by thaaat much . . .” That phrase always brings to mind the inimitable Don Adams and his bumbling but well-intentioned television character, Maxwell Smart.

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