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Compliance

3 F&I Gotchas You Need to Avoid

Dealers and F&I professionals would be wise to avoid common practices that run afoul of state and federal laws. - Photo by Abby_Normal via Getty Images

Be sure you know the three F&I ‘gotchas’ that compliance auditors, regulators, and plaintiffs’ attorneys will be hunting for in 2020 with this three-minute read.

Top 10 Fraud Stories of 2019

When accusations of fraud cross state lines, the perpetrators run afoul of federal prosecutors. - Photo by geralt via Pixabay

A number of U.S. auto dealers and dealership sales and F&I personnel were the victims or alleged perpetrators in several major fraud cases this year.

WSJ: SEC Probing BMW Sales Reports

Ludwig Willisch (left), president and CEO of BMW North America, said “it happens” when asked about sales punching at an industry event in 2016. - Photo courtesy BMW Group

The Wall Street Journal reports the U.S. Securities and Exchange Commission is investigating accusations that BMW conspired with American dealers to inflate monthly sales reports.