Agency updates Safeguards Rule to better protect the American public from breaches and cyberattacks that lead to identity theft and other financial losses.
Dealers need to use the best pesticides available to avoid the perils of regulatory pests.
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 recent and rather extreme case may serve as a lesson of what can be expected from the CFPB in the future.
We’re just beginning to see the story of data privacy and big tech play out, and it’s important to stay aware of how market and economic dynamics, shifts in consumer behavior, marketing trends, and technology advances can impact your dealership.
By maximizing the client-attorney relationship, dealers can foreclose many potential liabilities.
Taking action today to establish a more flexible and accessible website is more than just a nice-to-have. Compliance is an ongoing process and it’s important to ensure that all customers can find what they need on your site.
Implementing pricing guidelines is not a guarantee that the regulators will stay away, but properly implemented and managed, it should provide a plausible defense of your F&I pricing practices.
As we enter a new administration, dealers will need to continue navigating new sales processes while also reverting their attention to risk management and government regulators. Let’s take a look at the likely highest risk areas and discuss a plan to mitigate them.
As employees and customers move throughout the dealership, make sure that each area is sanitary, safe, and ready to create a great sales experience.
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