Compliance Blog

Helping Your Dealership Navigate Federal and State Laws and Regulatory Mandates

March 2011

Consumer Financial Protection Bureau

March 04, 2011 | No Comments | share on facebook | retweet | share on LinkedIn

by Randy Henrick

Randy Henrick, DealerTrack's regulatory and compliance counsel, discusses the newly formed Consumer Financial Protection Bureau and the impact its activities will have on auto dealers.

 

Posted in Dealer Litigation | No Comments

Adverse Action Requirements Differ for Dealers and Lenders

March 07, 2011 | No Comments | share on facebook | retweet | share on LinkedIn

by Randy Henrick

Randy Henrick, DealerTrack’s Regulatory and Compliance Counsel, explains why dealers cannot rely on lenders to provide Adverse Action Notices to customers.

Posted in Credit Apps/Contracts | No Comments

The Compliance Foxtrot

March 11, 2011 | No Comments | share on facebook | retweet | share on LinkedIn

by Michael Charapp - Ward's Dealer Business

Old dance studios used to put on the floor large oil cloths which had arrangements of footprints to demonstrate various dance steps. Follow the steps in time to the music with a little flair and, voilà, you're dancing.

The last several years have seen a slew of new compliance requirements for auto dealers — the Information Safeguards Rule, the Red Flags Rule, the Risk Based Pricing Rule, to name a few.

Click here to read more.

Posted in Privacy/Security/ID Theft | No Comments

Compliance in 2011 – More Regulations on the Horizon

March 13, 2011 | No Comments | share on facebook | retweet | share on LinkedIn

by DealerTrack, Inc.

Join DealerTrack for an exclusive speaking engagement at the 2011 Innovative Dealer Summit, held on Wednesday, March 30th in Denver, Colorado.

Randy Henrick, DealerTrack Compliance Counsel, will speak about the new compliance regulations due to take effect on July 21, 2011, along with tips and best practices for maintaining compliance at your dealership . Topics include:

  • Changes to Adverse Action Notice Requirements
  • Tips for Safeguarding your Dealership
  • Best Practices for Internet Sales
  • Strategies to Resolve Red Flags

The presentation will conclude with an "Ask the Expert" segment, which gives Randy the opportunity to field compliance questions submitted by attendees during the presentation.

Click here for event details or call 888.600.8760.

Posted in Dealer Litigation | No Comments