House Seeking Clarity on CFPB’s Auto Finance Guidance

According to an article on Subprimenews.com, legal experts and industry associations aren’t the only ones raising questions about how the Consumer Financial Protection Bureau intends to regulate auto lending. Now more than a dozen members of th
May 31, 2013

FMLA Leave Abuse and Procedures for Form Review

Dashboard-Insights suggests rules to follow when filing and reviewing leave forms and certifications. Pertinent to any manager for overhead saves and costs, following these procedures when someone takes unpaid leave will assist in employees taking ti
Apr 12, 2013

F&I Maze: the Ultimate Checklist for Compliance, Audits and Papertrail Changes

F&I Magazine offers a thorough look at audits, compliance changes and best ways to meet rules and regulations. NADA links, OSHA standards and operational procedures are provided to give you the upper hand when auditing your dealership, both fina
Mar 29, 2013

Use the WICS Compliance Model – Walk-through, Inspection, Compliance, Security — to Keep the Dealership Afloat

The proverbial saying, “For want of a nail,” means, Wikipedia reminds us, that “small actions can result in large consequences.” When it comes to auto dealership compliance matters, these unpleasant and seemingly never-ending tasks – if una
Jan 15, 2013

What to Expect in Auto Dealer Compliance in 2013

2012 was a year of heightened consumer protection enforcement activity by federal regulators. The Consumer Financial Protection Bureau (“CFPB”) exercised its authority to enforce federal consumer protection laws by entering into three consent dec
Jan 4, 2013

Build Compliance into Your Road to the Sale to Create the Right Pace for Closing More Deals

Almost every step along the road to the sale, from the meet-and-greet to the closing of the deal jacket — whether the up buys or not – should also protect the consumer and your dealership from various personal and business risks. Furthermore,
Dec 20, 2012

Lessons for Auto Dealers from Consumer Financial Protection Bureau and Department of Justice Recent Enforcement Activity

The new Consumer Financial Protection Bureau (CFPB) came out swinging this past summer with three punitive consent decree enforcement actions against credit card companies. In doing so, the CFPB gave both an indication of how it will enforce consumer
Dec 14, 2012

Dial Up your Smart Phone Oversight to Avoid Employee Liability Issues

In recent years the explosion of smart phones, in particular Blackberry devices, has made it possible for employees to be more productive than ever before. Smart phones have helped lengthen the work day from an extra hour of work each day in 2007 to
Nov 19, 2012

Are Your Advertisements in Compliance with Federal and State Law?

Earlier this year the Federal Trade Commission (“FTC”) began to crack down on several dealerships in South Dakota, North Carolina, Connecticut and West Virginia who were running advertisements which may have violated the Truth in Lending Act. Add
Nov 6, 2012