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Compliance

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Articlesby Chip ZyvoloskiNovember 10, 2011

Third-Party Relationships Require Close Attention to Detail

There are risks involved with all third-party relationships. Chip Zyvoloski, senior attorney within the Indirect Lending business at Wolters Kluwer Financial Services, explains that to protect the dealership’s reputation, dealers should complete due diligence on your third-party vendors.

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Articlesby Tom HudsonOctober 28, 2011

Cobweb Compliance

Attorney Thomas Hudson poses two scenarios about how dealers comply with the Safeguarding Rule. One scenario is about a dealer who initially had good intentions but allowed compliance cobwebs to build up, the other is about a dealer who implements and maintains a compliant process.

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Articlesby Nicole MunroOctober 25, 2011

Disclosures in Auto Finance - Lesson 2: Application Disclosures

Attorney Nicole Munro discusses disclosures required by the Equal Credit Opportunity Act and its implementing Regulation B, along with the Fair Credit Reporting Act, when a consumer applies for secured credit.

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Articlesby David Keller, CPA, CFEOctober 5, 2011

Inventory Management Is Really Cash Management

Do you watch and calculate how many times your inventory turns each year? Do you know what your return on inventory investment is? David Keller, automotive industry accounting expert, explains how to determine these things and more.

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Articlesby Nicole MunroSeptember 29, 2011

Disclosures in Auto Finance - Lesson 1: Advertising Disclosures

Attorney Nicole Munro explains advertising disclosures required by the Truth-in-Lending Act (TILA) and Regulation Z.

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Articlesby Tom HudsonSeptember 23, 2011

Best Practice in One State Can Lead to Jail in Another

Attorney Tom Hudson discusses how best practices in some dealerships can be prohibited in other dealerships due to state laws. One example he mentions is bird-dog programs.

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Articlesby Tom HudsonAugust 24, 2011

Wrong Assumption on Dealer Participation Leads to Faulty “Study”

Thomas Hudson of Hudson Cook LLC, discusses the Center of Responsible Lending’s report entitled, "Under the Hood: Auto Loan Interest Rate Hikes Inflate Consumer Costs and Loan Losses."

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Articlesby David Keller, CPA, CFEAugust 15, 2011

Identify Savings in These Dealership Operations

Expert CPA David Keller details seven different areas dealers should review annually to look for possible savings.

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Articlesby Tom HudsonJuly 18, 2011

Dealers, Be Prepared to Defend Outside Your State

Industry Attorney Tom Hudson outlines how a Georgia auto dealer was sued in Pennsylvania court.

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Articlesby Tom HudsonJune 22, 2011

Check State Law Before Charging Fees

Attorney Thomas Hudson shares insightful correspondence he had with another lawyer who represents dealers regarding finance charges, TILA, Regulation Z and more.

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