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Compliance

Fake Dealer Gets 5 Years for Fraud, Drugs

Authorities say a Montgomery, Ala., businessman concocted a scheme in which he posed as a licensed auto dealer to defraud local banks and credit unions. - Photo by 12019 via Pixabay

Gene Earl Easterling will serve 63 months in federal prison on bank fraud, mail fraud, and drug charges following an investigation that determined he posed as an auto dealer to obtain $682,980 in loan checks.

The Topic That Won’t Go Away: Loan Fees

Questions continue to swirl around loan fees charged to car buyers. A recent case in North Dakota found a dealer’s failure to disclose a loan fee as a finance charge was a violation of that...

A North Dakota car buyer prevailed in a recent case involving loan (or ‘acquisition’) fees that reached the state supreme court, where the dealer was found to have failed to properly disclose the charge.

KPA Names Fanning President and CEO

Technology industry veteran Chris Fanning has joined compliance software and services provider KPA as the company’s chief executive, succeeding Vane Clayton.

NC Dealer Refuses to Lower Giant American Flag

A 40-by-80-foot American flag continues to fly over Gander RV of Statesville, N.C., despite protests from city leaders. - Photo courtesy Camping World

Camping World and Gander RV’s Marcus Lemonis says his dealership’s 40-by-80-foot American flag is a tribute to military veterans and that he will not take it down, despite the threat of thousands of dollars in fines.

Save the Date: Industry Summit Heads to New Orleans

The first 100 dealers and GMs who register for Industry Summit 2019 will attend for free. The event will be held Nov. 4–6 at the New Orleans Marriott. - Photo by LRMoore via Pixabay

This year’s Industry Summit will be held Nov. 4–6 at the New Orleans Marriott, offering the nation’s premier advanced F&I training curriculum, new and returning tracks and events, and free admission for the first 100 dealers and general managers who sign up when registration opens this summer.