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NADA and the Miracle on 34th Street
Automotive dealers should follow the National Automobile Dealers Association's consumer-friendly guidelines in order to minimize their legal risks.
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SEARCHMENUSEARCHAutomotive dealers should follow the National Automobile Dealers Association's consumer-friendly guidelines in order to minimize their legal risks.
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When I sit down to write this column every month, I try to think about what’s new, what’s novel, what do folks not know about, etc. A request from a reader asking for an article that discussed spot deliveries made me realize that sometimes, a “best practices” article on a subject that’s been around a long time may provide more bang for the buck from time to time.
Read More →A couple of years ago there was a lot of scrambling going on as financial institutions figured out how to comply with the customer identification program (CIP) requirements imposed by Section 326 of the USA Patriot Act.
Read More →When it comes to compliance, the rules for prime and subprime might be the same, but the risks and exposures aren’t. F&I auditor provides the ugly details.
Read More →It was fitting that the National Automobile Dealers Association (NADA)’s annual show be called the “Main Event,” as both sides of the data security debate squared off in a testy exchange that left many questions unanswered.
Read More →Being a compliance lawyer, I ask new and potential clients to consider this question: “How do you value good compliance practices in your operation?” What would your response be?
Read More →There is a popular sci-fi show on TV called The 4400. It features some 4,400 people who were abducted by aliens and returned to earth en masse.
Read More →In the last five years, the Los Angeles County District Attorney’s Office has been active in curbing the practice of “payment packing.” Consumer complaints against dealerships are on the decline due to the response of state and local associations, but other concerns exist, officials warn.
Read More →You’ll notice that, from time to time, I’ll devote a column to those pesky adverse action notice requirements. For those of you who may be thinking that I do this because it’s all the law I know, let me assure you that I have other talents as well.
Read More →Government oversight can be a good thing for an educated sales and F&I operation. The key to survival during this period is to remain aggressive.
Read More →PORTLAND, Ore. -- Compli has launched an expanded version of its free Dealer Compliance Appraisal (DCA) tool at www.compli.com/dcav2.
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