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FTC Raises Civil Penalty Fees - What Does This Mean For Your Business?

F&I Compliance
Starting earlier this month, civil penalties were increased by up to 150%. Several agencies were affected including OSHA, EPA, DOT, and the FTC. As part of the Federal Civil Penalties Inflation Act, the FTC penalties will be increased from a maximum of $16,000 per incident to $40,000. Over the past few years the FTC has […]
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legal penalties

KPA Launches HRDrive Workforce Management Software Solution

Press
Hiring, Training, and Onboarding Expertise is Driven Throughout the Organization with HRDrive LAFAYETTE, Colo. (May 19, 2016) – KPA, leading provider of automotive, truck, and motorcycle dealership management software and services, today announced the launch of HRDrive™. This complete workforce management solution drives human resources expertise throughout dealerships and service centers using online, on-call, and […]
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how to get what you're paying for from your organization's technology

F&I Compliance
Article Contributor: Ryan Lane I have personally been involved in purchasing, selling and implementing hundreds of different software programs at dealerships across the country. The one constant struggle with any new software has always been the implementation, and utilization of the tools. I have seen some of the best technology go unused because there was […]
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business technology

Q&A From Sales and Finance Professionals

F&I Compliance
Q: What are the most common enforcement actions taken against dealerships today? A: Number one is advertising. This is a big issue with the FTC, and with state authorities. The NY attorney general’s office penalized 23 dealerships for ad violations last month, and New Jersey hit a dealer with $135,000 in penalties in June. Advertising […]
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training

10 Advertising Guidelines That Every Dealer Should Be Familiar With

Dealers F&I Compliance
Article Contributor: Jim Radogna There’s no doubt that the right advertising program can make you plenty of money. But as they say, it’s not how much money you make but how much you get to keep that counts. Auto dealers are a favorite target of regulators hunting for advertising violations and are often blindsided by […]
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Sales and Finance Compliance Facts vs. Fiction

F&I Compliance
Article Contributor: Jim Radogna I’m often asked to weigh in on compliance questions by F&I managers, Sales Managers and Sales Consultants. Many of these inquiries involve disagreements about the validity of various long-held beliefs surrounding F&I compliance – now and then referred to by some as “Compliance Myths.” So, I decided to take a crack […]
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KPA Acquires Environmental Compliance and Remediation Inc. (ECR)

Press
KPA Acquires Environmental Compliance & Remediation, Inc. (ECR) ECR Extends Client Base and Product Offering for KPA LAFAYETTE, Colo. (Nov. 1, 2015) – KPA, a leading provider of automotive dealership management software and services, today announced acquisition of Environmental Compliance & Remediation, Inc. (ECR), leading environmental compliance organization focused on providing services to clients in […]
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You Can’t Fix Your F&I Program if You Don’t Know it’s Broken

F&I Compliance
Article Contributor: Jim Radogna When running a business or managing a department, its common practice to require data before believing information. For instance, if your sales department claimed that they had a 65% closing ratio, you would require analytics to back up their claims. In fact, as a manager, you measure a large amount of […]
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KPA Launches Sales & Finance Compliance Solutions for Dealerships

Press
KPA, a leading provider of automotive dealership management software and services, has launched a new product line that combines efficient software, comprehensive content and on-demand expert advice to help dealerships follow sales and finance best practices and ensure their business complies with Federal and State regulations. “Today’s dealers face increasingly complex compliance requirements as regulatory […]
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