Collection: F&I Compliance
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.
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 […]
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.
Dealerships have taken significant steps to adapt to online purchasing. The changes reverberate throughout the organizations, shaking up roles & priorities.
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.
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).
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.
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.
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?