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Compliance

Newsby StaffJanuary 16, 2020

CFPB Announces Membership of Taskforce on Federal Consumer Financial Law

The Consumer Financial Protection Bureau (CFPB) announced four members who will serve on the Taskforce on Federal Consumer Financial Law.

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Newsby StaffJanuary 8, 2020

The Creation of the Alliance for Automotive Innovation

Two of the nation's largest automobile associations join forces to form the Alliance for Automotive Innovation.

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Articlesby Terry O'LoughlinOctober 31, 2019

Should Dealers Self-Report Legal Violations?

Self-reporting compliance issues is an honorable notion and one propagated by CFPB guidance. Former regulator suggests dealers take such matters seriously but stop short of reporting — with certain exceptions.

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Articlesby Jim GantherSeptember 16, 2019

What the DealerBuilt Hack Means for P&A

The FTC’s proposed consent order with dealer software provider DealerBuilt settles charges relating to a major loss of customer data, but the conversation over the compliance responsibilities of ‘service providers’ — including those in the P&A segment — is just beginning.

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Newsby Tariq KamalSeptember 9, 2019

NADA Mounts Opposition to Enhanced Safeguards Rule

National Automobile Dealers Association officials have told the FTC that proposed new provisions to the Safeguards Rule may be unnecessary and could cost smaller dealers more than $400,000 in the first calendar year of enforcement.

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Articlesby Terry O'LoughlinJuly 17, 2019

Arcane Issues and the Nature of Contracts

Attorney and compliance expert offers a primer on dealership documentation for P&A executives.

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Newsby StaffJune 20, 2019

Black Book Launches Anti-Powerbooking Solution

Black Book has unveiled Asset Verification Tool, a proprietary VIN-level identifier designed to help auto finance sources reduce the risk of fraud at loan origination.

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Newsby StaffMay 2, 2019

Hudson Earns American Bar Foundation Fellowship

The American Bar Foundation has named Hudson Cook co-founder Tom Hudson as a fellow, adding the carlaw practitioner to an elite group of attorneys, judges, law faculty, and legal scholars.

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Newsby Tariq KamalApril 23, 2019

CDK Moves to Preserve Dealer Counterclaims

CDK Global has filed an opposition brief in federal court, urging the judge in an ongoing lawsuit not to dismiss claims at least two dealers allowed unauthorized third parties to access CDK’s systems.

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Articlesby Jim GantherApril 16, 2019

Providers, Administrators, and the Safeguards Rule

The P&A segment must follow the same path traveled by dealers who, 15 years ago, found themselves suddenly operating under the same privacy standards as other ‘financial institutions.’

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