Category: F&I Compliance
As a dealer, you need to know that a cash transaction of $10,000 and higher should be considered suspicious. The government certainly does. That's where Form 8300 Cash Reporting Rule comes into play.
OFAC lists companies from targeted countries, involved with terrorism or narcotics trafficking. Are your customers on the naughty list?
Who, what, where, how, and why? Let's answer some of your basic questions on the Fair Credit Practices Rule.
The Federal Credit Reporting Act (FCRA) promotes fairness and privacy for buyers when applying for credit. Here are some do's and don’ts to follow.
Ensuring you are in compliance with the Truth In Lending Act (or TILA) decreases the likelihood that your borrower will default on their loan.
Following the Magnuson-Moss Warranty Act actually gives you a competitive advantage. Learn best practices for providing warranties that are clear and concise.
The only way to avoid wrecking yourself with workforce incidents and losses is to regularly check yourself by examining your facilities, equipment, people, and processes. Here's how.
Last week, the US Department of Defense announced it would withdraw Q&A 2 from its December 2017 Interpretive Rule about the Military Lending Act (MLA).
Car thieves are waltzing into F&I offices, presenting bogus ID and loan documents, and defrauding dealers before any employee has a chance to catch on.