The effective and consistent use of a checklist improves the deal, improves your CITs and will help with your compliance controls.
Don’t let lame excuses for non-compliance derail your dealer’s efforts.
By providing certification, regular video updates and an annual recertification exam, the ACE Safeguards Specialist Certification Program is intended to help dealers meet the new Safeguards requirements.
A knowledgeable compliance officer talks the talk and walks the walk.
Agency updates Safeguards Rule to better protect the American public from breaches and cyberattacks that lead to identity theft and other financial losses.
A dealership sold and financed a vehicle to an identity thief, even after seven red flags were identified. Truly managing the process means vetting and clearing any red flags before delivering the vehicle.
You may sell a vehicle for more than the MSRP, but just be sure you do it right.
There are five key credit determinants that lending institutions take into consideration when making the decision to extend credit.
At a car dealership, everyone should be trained to recognize the signs of money laundering – and to understand the full context of a transaction.
A compliant credit application process is a pivotal part of the job. Do not let the process slip or a dealership could find themselves in some deep water.
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