Team One Partners with Lexis Nexis to Provide Dealer Compliance Program
Team One Research and Training, a division of the Summit Group, has partnered with LexisNexis, a provider of comprehensive information and business solutions, to create an in-dealership compliance certification and training program for automobile dealers.
Team One Research and Training, a division of the Summit Group, has partnered with LexisNexis, a provider of comprehensive information and business solutions, to create an in-dealership compliance certification and training program for automobile dealers.
The one-day training seminar provides a single source solution for compliance issues, and integrates the dealership departments into a simple, turnkey solution. The seminar can take place at the dealership or a pre-arranged site by the dealer.
The program is divided into two segments, one for the sales department and another for the F&I and senior management. Topics covered include: Red Flag Rules and policy implementation, Federal Trade Commission, Fair Credit Reporting, Gramm-Leach-Bliley Act, and the Lexis Nexis Auto Dealer, a comprehensive dealer compliance program. In addition, Team One's F&I training will also be offered in the process as an option or as part of a comprehensive package.
Upon completion of the training, the dealership will receive written certification of meeting their burden of compliance training and process implementation.
Team One developed the program in response to dealer requests for a one source solution to the myriad of new regulations regarding the Red Flag Rules, Gramm-Leach-Bliley Act, and F&I disclosure rulings the automobile dealer is required to have in place by Nov. 2008.
"We are very happy to be able to provide this package for the dealers. This is exactly what they have been telling us in the field that they wanted," said George Angus, Team One and Summit Group automotive spokesman.
"We already have produced the top F&I departments using our F&I process and incorporating the F&I training with total dealer compliance allows the dealer to maximize profits while not having to wade through the maze of regulations and rules. It really makes it easy and inexpensive for the dealer."
Total cost for the program is $3500, plus airfare and one night lodging expenses for the trainer. The training will be conducted by Angus, who has 15 years of experience with compliance issues.
More F&I
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →