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Compliance

ArticlesNovember 11, 2020

Data Breach 101

By all reports, billions of records have been exposed by reported data breaches. If the unthinkable occurs, having a well thought out data breach response plan will help you manage the challenges you will face.

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Newsby StaffNovember 3, 2020

SMART Payment Plan Resolves CFPB Investigation

SMART has completed a 4 year investigation with the CFPB.

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Articlesby Jim GantherOctober 30, 2020

Reigning in Franken-agency

On June 29, the United States Supreme Court ruled that the structure of the Consumer Financial Protection Bureau was unconstitutional. A compliance expert shares why this matters, and why it matters to dealers in particular.

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ArticlesOctober 28, 2020

The FTC Suggests We Buckle Up

The FTC recently issued a report that summarizes its enforcement actions, roundtable findings, consumer workshops, and in-person interviews with 38 Washington D.C. metro-area consumers focused on deceptive advertising practices, spot-delivery, and voluntary protection products.

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ArticlesOctober 27, 2020

Compliance Considerations When Texting Automotive Customers

The TCPA has been around for more than 25 years but remains one of the most litigated consumer protection statutes. By having proper compliance in place, your dealership can enjoy the benefits of contacting consumers with peace of mind.

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ArticlesOctober 20, 2020

Data Privacy in Automotive: How the CCPA Will Impact the Industry 

As car shoppers enter their personal information in web forms in search of the best offer, it’s important for dealers to have clear guidelines on data they collect.

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ArticlesOctober 14, 2020

Who’s Zoomin’ Who?

Whether businesses interact in person or virtually, they must do so in a safe and secure manner to retain customer trust and comply with applicable law.

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Newsby StaffSeptember 22, 2020

EFG Companies Safeguards Dealers’ Reinsurance Positions and Saves More Than $100,000 Annually Through Formal Fraud Detection Protocols

The multi-point program includes real-time call and repair order monitoring and auditing, in-depth training, proprietary claims system lockdown protocol, and cutting-edge virtual claims inspections.

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Articlesby Terry O'LoughlinSeptember 9, 2020

Down the Road: Selling Cars Remotely

The coronavirus appears to be driving the automotive industry to selling vehicles remotely, a radical departure from the traditional dealer model. By identifying the issues that dealers need to contemplate, we find some solutions to the new direction we’re heading.

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ArticlesSeptember 8, 2020

Instant Verification Technology Helps Dealers and Lenders During COVID-19 

Buying behaviors may change for a growing number of potential car shoppers, many who have lost jobs or been furloughed due to the economic fallout of the pandemic. As more lenders rely on advanced real-time data, they may mitigate risk and put themselves in a better competitive position. 

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