The unintended consequence of the revised Safeguards Rule is that, faced with high costs, a dealer may reasonably believe that doing nothing is an attractive option. That option is attractive, but not viable.
The genesis for Fair Credit Compliance, was to help dealers deflect claims of discriminatory pricing and payment packing, both of which were more prevalent than they are today.
Creates a comprehensive workflow and compliance platform for auto dealers nationwide.
Included in the event registration, all attendees will be eligible to sign up and take the ACE certification exam in one of four disciplines: F&I Specialist, Sales Management Specialist, Compliance Officer, and ACE’s newest offering, Safeguards Specialist.
Commission unanimously finds Traffic Jam Events violated the law with false claims about affiliation with government stimulus program and deceptive prize mailings.
You can create a simple test deal file and pop quiz to administer during the interview process that will tell you how compliant the applicant really is, vis-a-vis your compliance standards.
While the road less traveled may not be the quickest path to our metaphorical destination, in the compliance world, both the destination and all other charges should be clearly and accurately disclosed and acknowledged by the consumer.
The Act directs agencies to implement annual inflation adjustments based on a prescribed formula.
Let’s review the important parts to an effective menu process, a component of the dealer’s playbook.
These scams and schemes could impact any dealership’s profits and put their reputations with lenders on the line.
