In today’s work environment, it is critical that every business takes steps to ensure their customer data and business files are secure.
Dealertrack will be at AutoCon. Will You?
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CFPB to Investigate Credit Discrimination in Auto Lending
The Consumer Financial Protection Bureau (“CFPB”) announced that it would be using its supervisory and enforcement powers to investigate and combat unlawful discriminatory practices in auto lending.
CFPB Guidance Questions Dealer Mark-Ups as Discriminatory
Click here to view Randy’s presentation from the April 4, 2013 Webinar on: The Consumer Financial Protection Bureau’s “Guidance” on Dealer Participation: What It Means for You.
What to Expect in Auto Dealer Compliance in 2013
What should you expect in Auto Dealer Compliance in 2013?
Prospective Creep of CFPB into Auto Finance
The Consumer Financial Protection Bureau’s (“CFPB”) newly-appointed Director, Richard Cordray, is no friend of auto dealers. When he was Attorney General of Ohio, Mr. Cordray brought numerous actions against dealers for alleged violations…
New “Safe Harbor” Privacy Notice Takes Effect January 1, 2011
The FTC and Federal Reserve Board have published a new form of privacy notice that, if properly completed and followed, will give dealers a “safe harbor” (protection) from liability. It is a simple form…
The Year of Enforcement Continues
The CFPB’s First Enforcement Action and Its Implication for Auto Dealers The Consumer Financial Protection Bureau (“CFPB”) entered into its first enforcement action consent decree with Capital One Bank ordering Capital One to pay…
NEW: Manage Auto Financing in Real Time with DealerTrack Mobile!
Take your deal workflow to the next level by adding new intuitive mobile apps from DealerTrack. Securely track the pulse of your deals within finance and vehicle inventory workflows whether you are on the…
Compliance Definition of the Week
UDAPs – (Unfair and Deceptive Acts and Practices laws) – Includes FTC Act Section 5 and similar state laws used frequently by the FTC and state Attorneys General to correct and obtain damages for consumer…
CFPB Begins Taking Tips from Whistleblowers
The Consumer Financial Protection Bureau is soliciting information from whistleblowers and other knowledgeable sources about potential violators of federal consumer financial laws. The CFPB is welcoming information from current or former employees, contractors, vendors,…
The Threat Within: Internal Data Breaches and ID Theft
Automotive News recently reported that an Arizona dealer’s F&I Manager was involved in a fraud ring stealing the identities of dealership customers and sharing them with a criminal enterprise. At least a dozen identity…