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A dealer group in Arizona and New Mexico settled with the FTC - requiring them to cease all business operations AND pay an eye-popping judgment of $7,203,227.
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FTC's Used Car Rule: Are You Up to Speed?

Dealers
A little history on The Used Car Rule The Used Car Rule was introduced in 1984 with the primary aim to curb unfair and deceptive practices, particularly in the warranty coverage area and to stop used car dealers from making oral misrepresentations and unfair omissions of material facts to consumers. The Used Car Rule applies in all states […]
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FTC Pays Attention to Dealership Advertising—Do You?

Dealers
The FTC is cracking down on auto dealer advertising violations. Learn some tips from KPA’s auto compliance experts to ensure your dealership stays out of trouble.
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When Auto Sales Go Online, It’s All About F&I

Dealers
Dealerships have taken significant steps to adapt to online purchasing. The changes reverberate throughout the organizations, shaking up roles & priorities.
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What Is the FTC’s Cooling-Off Rule and How Does It Apply to Remote Sales at Your Dealership?

Dealers
Selling a vehicle over the internet? Be aware of the Federal Trade Commission’s Cooling-Off Rule, which gives buyers 3 days to cancel, among other things.
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Dealerships Win Big in Military Lending Act Victory

Dealers F&I Compliance
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).
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The IRS, the DOJ, and Floorplan Lenders Are Paying Attention to Form 8300—Are You?

Dealers F&I Compliance
By failing to report a cash payment of $10,000 or more with Form 8300, a dealer takes on serious legal risks, including the possibility of criminal prosecution.
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TCPA Compliance: What Auto Dealers Need to Know

Dealers F&I Compliance
Imagine a $4 million phone bill. That’s the cost of a TCPA settlement. Learn about the TCPA and how to ensure compliance with robocall and telemarketing rules.
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phone handsets hanging by chords

New CFPB Task Force May Give Auto Finance Professionals a Much-Needed Outlet

Dealers F&I Compliance
The CFPB is continuing its new pattern of listening with the creation of a consumer finance “task force.” Could the auto finance community be getting a break?
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