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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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F&I Showroom Magazine
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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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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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The first step in protecting the information you store electronically is to understand the risks. Your firewall, password or login name may be vulnerabilities you've never considered.
Read More →TORRANCE, Calif. -- At the F&I Conference and Expo 2004, Jeff McGrath held the full attention of more than 600 attendees as he gave the crowd an in-depth look of what happens when dealers become the target of judicial investigations.
Read More →LINTHICUM, Md. -- The National Automotive Finance (NAF) Association's legal committee members will present a day's worth of legal updates aimed at helping dealerships and finance companies understand the regulatory and compliance issues that are increasingly part of their business transactions.
Read More →WHITTIER, Calif. – A Los Angeles-area dealership is being investigated by the state Department of Motor Vehicles for alleged credit application fraud, grand theft and conspiracy. According to a report in the Whittier Daily News, the case was prompted by complaints filed by three former customers.
Read More →NEW YORK -- Various captive financing arms and vehicle associations, state and national, were in New York Aug. 10, in praise of President Bush and the U.S. Congress for the recently signed federal transportation bill, which, among other things, repealed vicarious liability.
Read More →NEW HAVEN, Conn. -- Four employees of Shoreline Mitsubishi in Branford, Conn., involved in a wire and mail fraud trial are accused of forging sales documents to make poor customers eligible for car loans and adding hundreds or thousands of dollars in hidden fees to boost profits and commissions, reported The Associated Press.
Read More →CHARLOTTE, N.C. -- Employees of a longtime area auto dealer have been accused of falsifying loans for more than five years.
Read More →Although dealers still have many questions about the requirements of the Patriot Act, the government will not consider ignorance as a viable defense. Compliance must be a top priority in all dealerships.
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