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Compliance

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Articlesby David MissimerNovember 23, 2012

When You Must Issue an Adverse Action Notice

Expert David Missimer, Vice President and General Counsel of Automotive Compliance Consultants, clearly spells out the conditions under which auto dealers must provide an adverse action notice. Missimer explains exactly what dealers must know and when you must issue an Adverse Action Notice under the Fair Credit Reporting Act (FCRA).

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Articlesby Tom HudsonNovember 7, 2012

Uncommon Sense

Legal expert Thomas Hudson points out the important of a "integration clause" to preclude the buyer from later claiming the dealer orally promised to include in the deal the sun, the moon and the stars.

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Articlesby David Keller, CPA, CFENovember 5, 2012

Internal Control Concerns Over Electronic Funds Transfers (EFT) and Automated Clearinghouse (ACH) Payments

Expert David Keller discusses the importance of security systems and internal control when processing Electronic Fund Transfers (EFT) and Automated Clearinghouse (ACH) payments.

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Articlesby Jim RadognaOctober 22, 2012

Don’t Forget to Tell Your Inventory Story

Jim Radogna, President of Dealer Compliance Consultants, discusses what vehicle conditions and history reports you should disclose to your customers. Jim also talks about how to determine if the vehicle you're selling should be classified as new or used.

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Articlesby Tom HudsonOctober 10, 2012

Preparing Multiple Contracts?

Attorney Tom Hudson discusses why the practice of writing multiple contracts on the same deal is bad news and can cause dealers to run afoul of the federal Truth in Lending Act.

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Articlesby David Keller, CPA, CFEOctober 5, 2012

Service and Parts – More Gross or Less Expense To Obtain Profitability?

Author and CPA Dave Keller examines the best way to increase profitability in the parts and service departments.

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Articlesby Tom HudsonAugust 31, 2012

You Should Not Be in the BHPH Business If …

A few words of caution from attorney Tom Hudson: if you fit any of these descriptions, you shouldn't be in the BHPH business.

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Articlesby David Keller, CPA, CFEAugust 29, 2012

Be Ready For Fraud

CPA and certified fraud examiner David Keller goes over several measures dealers can take to protect their dealerships from internal theft and fraud.

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Articlesby Nicole MunroAugust 28, 2012

UCCC Extraterritoriality - But it’s a Minnesota Contract!

If a finance company buys retail installment contracts from auto dealers in its home state, what happens when a consumer named in one of those contracts moves to a state with different laws from the company’s home state? Attorney Nikki Munro discusses a recent case that poses that very question.

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Articlesby Jim RadognaAugust 24, 2012

Is Your Information Safeguards Plan Keeping Up With Technology?

Dealerships have become more technologically advanced since the federal Safeguards Rule was first enacted. Compliance expert Jim Radogna presents some tips to help dealers ensure their information safeguards policy keeps pace with today's technology.

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