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ArticlesApril 1, 2009

Rules of the Road: Basics of Truth in Advertising Laws

In these tough economic times, driving business into the showroom is more important than ever. Many merchants invest significant resources into advertising their products in a manner designed to entice potential customers.

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ArticlesApril 1, 2009

12 Hot-Button Issues for 2009

As state and federal regulators increase their vigilance of finance transactions, dealers will need to be on high alert when it comes to their F&I processes. Former compliance regulator addresses F&I's brave new world of compliance.

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ArticlesApril 1, 2009

Part II: Tackling Adverse Action Notices

Knowing what triggers an adverse action notice can definitely be baffling, but so can the rules governing content and timing. Legal expert weighs in with part II of F&I's series on adverse action notices.

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NewsMarch 30, 2009

Event to Protest Youth-Motorcycle Ban Draws 400 Supporters

A special event held in protest of the Consumer Product Safety Improvement Act (CSPIA) of 2008 at legendary racer Malcolm Smith’s dealership on March 19 drew nearly 400 supporters and heavy media attention.

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NewsMarch 30, 2009

Group 1 Automotive Achieves Red Flags Compliance

Compli, a provider of dealership compliance management software, said the use of its Dealership Compliance Management System (DCMS) by Group 1 Automotive in Houston, Texas, has helped the dealership group reach a 98 percent Red Flags compliance level in less than two weeks.

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NewsMarch 27, 2009

MIC Supports Proposed Bills That Reverse Ban on Youth Off-Highway Vehicles

The Motorcycle Industry Council (MIC), along with the Specialty Vehicle Institute of America (SVIA), are supporting two new bills that would overturn the lead ban created by the Consumer Product Safety Improvement Act (CPSIA) of 2008, which brought the sales of off-highway motorcycles and ATVs designed for kids 12 and under to an abrupt halt on Feb. 10, 2009.

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NewsMarch 23, 2009

Solex Offers Wolters Kluwer’s Red Flags Tool Kit to RV and Marine Dealerships

Wolters Kluwer Financial Services announced that Solex, which provides technology to help the RV and marine industries streamline the finance and insurance (F&I) process, will offer its Red Flags Tool Kit to RV and marine dealerships across the U.S.

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NewsMarch 19, 2009

Proposed Dirt Bike Bill Aimed at Reversing Lead Law

Two Montana lawmakers have proposed legislation to amend the Consumer Product Safety Improvement Act (CPSIA), a new law aimed at keeping products that contain high levels of lead away from children.

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NewsMarch 12, 2009

California Dealer Pleads Guilty to Federal Fraud Charges

An Orange County, Calif., man who owned two Lamborghini dealerships that sold up to 5 percent of all Lamborghinis sold in the world has agreed to plead guilty in a scheme to bilk his floorplanning provider out of millions of dollars.

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NewsMarch 11, 2009

National Credit Center Develops Red Flag Solution

National Credit Center (NCC), a provider of credit reporting and compliance services to the automotive industry, has developed a complete solution for the Red Flags Rule.

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