F&I Management and
Technology and Powersports F&I
magazines will host a one-day seminar on the Red Flags Rule on Tuesday, June 9
(9 a.m. to 3 p.m. EDT) at the Hilton St. Petersburg in St. Petersburg, Fla.
The “Red Flags: Ready or Not?” seminar will be presented by
compliance experts Robert Harkins, former senior vice president of compliance
and dealer relations for Resource Automotive/First Extended Corp., and David
Robertson, executive director of the Association of Finance and Insurance
Professionals.
The mandatory compliance deadline for the Federal Trade
Commission (FTC)'s Red Flags Rule is August 1, 2009. The rule requires all
creditors — including auto dealers — to develop and enforce a program that will
help protect their customers from identity theft.
Designed to help dealers determine whether their dealership
is compliant with the FTC’s newest weapon against identity thieves, the seminar
will cover the following four topics.
- FTC Identity theft update
- 5 Keys to Red Flags Rule Compliance
- Identifying, Detecting and Responding to Red Flags
- F&I Manager’s Guide to the Red Flags Rule
The seminar will also cover the seven most common errors
that cause dealers to become the targets of media exposes, class-action
lawsuits and high-dollar regulatory fines. In addition, the presenters will
review the adverse action notice requirements under the Equal Credit
Opportunity Act and the Fair Credit Reporting Act, IRS cash reporting and money
laundering guidelines.
Cost of the seminar includes full lunch and all training
materials. To register, click here, or call
310-533-2518.
