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Compliance

News

Ky. Dealer Charged With Leading $4M Repurchase Fraud

Three Kentuckians stand accused of perpetrating a $4.3 million interstate fraud against an...

A federal grand jury has charged a Kentucky dealer and two alleged accomplices with defrauding a manufacturer — thought to be Toyota — of more than $4 million by running 350 used pickups through a consumer buyback program.

News

Mystery Surrounds Seattle Dealership Closures

NobleRush’s multibrand dealership in Auburn, Wash., is one of five shuttered under mysterious...

Five motorcycle dealerships owned by Microsoft executive Howard Crow were suddenly shuttered last week. Managers and staff have returned, without pay, to open the doors and deliver or return bikes to bewildered customers.

Article

Econtracting: Slippery Slope or Big Opportunity?

With the demand for electronic contracting grows the need for F&I to get involved in the...

Progress toward a fully online transaction may be inevitable, but you — and your finance sources — must take concrete steps toward process improvement and regulatory compliance to make econtracting work for your store.

News

Rooney Joins Hudco as Partner in DC Office

Rooney Joins Hudco as Partner in DC Office

Mark E. Rooney, an attorney whose practice focuses on consumer litigation defense and government investigations in the financial services industry, has joined the Washington, D.C., office of Hudson Cook LLP.

News

NADA Mounts Opposition to Enhanced Safeguards Rule

NADA was among the entities that submitted official comments to Regulation.gov in response to...

National Automobile Dealers Association officials have told the FTC that proposed new provisions to the Safeguards Rule may be unnecessary and could cost smaller dealers more than $400,000 in the first calendar year of enforcement.