Portland, OR - Compli®, the leading provider of on-demand dealership compliance management software for U.S. auto dealers, recently announced the release of their “Red Flags” Toolkit developed in collaboration with Michael Benoit, a partner at Hudson Cook, LLP, the premier provider of sales and F&I legal compliance services in the automotive industry. The “Red Flags” Toolkit, available at no extra charge to current and future customers of Compli’s Dealership Compliance Management System (DCMS), will give dealerships the tools they need to fully comply with all elements of the expansive new “Red Flags” regulation.
Compli’s “Red Flags” Toolkit includes the following components:
"We released our initial ‘Red Flags’ Program in February 2008 to introduce the topic to our clients and raise awareness of the extensive requirements”, said Lon Leneve, president of Compli. “Now we are releasing a fully updated version, which includes a robust Toolkit that provides our clients with all the tools they need to fully comply with the law by November 1st. Though critically important, ‘Red Flags’ is really just one more puzzle piece in a continuing “good faith” effort that should address all pieces of the compliance puzzle. Compli clients have access to a vast number of critical compliance programs that address legally mandated requirements, and they can continue to count on Compli to add more programs as the regulations keep coming."
“The ‘Red Flags Rule’ is just one of many compliance obligations imposed on dealers. In assisting Compli in developing the ‘Red Flags’ Toolkit, we focused on building a resource that would walk dealers through the steps. Dealers will still need to be thoughtful in their compliance efforts, but the Toolkit should take much of the stress out of designing and documenting an Identity Theft Prevention Program,” said Michael Benoit, a partner at Hudson Cook, LLP.
Compli’s DCMS is an automated compliance solution that protects automotive dealers from claims, fines and litigation, while lowering overhead costs. The system combines automotive expert content from a variety of Subject Matter Experts, including Hudson Cook, LLP (sales and F&I), with electronic best practices to create turn-key, “good faith” compliance programs that increase protection, reduce liabilities and create cost-saving efficiencies previously unavailable to dealers.
About Hudson Cook
Dealerships interested in their level of regulatory compliance, including “Red Flags,” may receive a free, online Dealership Compliance Assessment (DCA) at www.compli.com/rfwshp.
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