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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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Third-party cookies are a detail many have overlooked in the regulation.
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A compliance checklist is a must for auto dealerships on every deal to ensure regulations are followed and trouble avoided.
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Some practices are better left undone at the dealership, for its, and the consumer's, good.
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Let's revisit Form 8300, which helps safeguard the financial system.
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The industry pushes back over cost of compliance, disclosure definitions, informed consent, and pricing rules.
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Dealers should take care to avoid practices that regulators could deem to be tricks or manipulation of consumers.
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Though the number of effected units fell, it was the largest quarterly volume in over two years.
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To keep things simple and keep your business off of regulators' target list, avoid fraud and charging bogus fees.
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Dealers should establish policies to handle claims and develop strategies to mitigate claims.
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Change focuses on notifications after a breach. Is your dealership ready to meet the requirements?
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