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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.
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Shiraaz Sookralli faces 20 years in prison after admitting to charges of fraud and embezzlement relating to a multimillion-dollar scheme to sell nonexistent Porsches from a South Florida dealership.
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The Equal Employment Opportunity Commission claims a dealer group executive said ‘This is not a lady’s job yet’ to justify failing to retain the only woman on the sales team at a Norman, Okla., Chrysler dealership the group acquired.
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Synthetic identity theft is wreaking havoc among American retailers. Compliance guru offers a buyback prevention checklist for dealers and F&I professionals.
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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.
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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.
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Champion Chevrolet of Reno, Nev., has been sued by the federal Equal Employment Opportunity Commission. The lawsuit follows a complaint filed by a female salesperson who says she was bullied out of a job.
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The long list of offenses committed by dealers and other highly successful people proves desperation is not the only cause of criminal behavior.
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Recent revisions to the federal Safeguards Rule cement the need for a compliance officer in every dealership. Whether their duties are performed by an employee or outsourced, satisfying the new requirement is going to cost your store thousands of dollars per month.
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Mazda has attempted to cancel its franchise agreement with a Texas dealer for failing to complete Takata airbag recall orders. The matter will be decided in a hearing ordered by state regulators.
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