Why Digital Retailing is Increasing Fraud, and What You can do About It
No doubt, digital retailing is here to stay in automotive, and it is growing like wildfire. However, while most of the world thinks the...
How Does an eVault Transform Dealer and Sub-prime Lender Digital Operations?
With the continued increase of e-commerce, in 2021 the number of digital consumers stood at 2.14 billion – this means approximately 27.6 percent of...
FTC Charges Dealer Group with ‘Unfair Discrimination’ and Charging ‘Junk Fees’
The Federal Trade Commission (FTC) has had a target on auto dealers for a couple of years now and has recently brought another case...
Prepare Now for New FTC Regulations
Now that the comment period is closed for the proposed changes to the Federal Trade Commission regulations, the retail automotive industry is waiting to...
Why You Need a Website Privacy Policy
Privacy is a growing area of regulation in the United States, and not just for large institutions like national banks. If you do business...
George Washington and the FTC’s Fair Lending Ambuscade
To paraphrase George Washington, in its recent action against Passport Auto Group it could be said of the FTC:
The FTC is not reason, it...
Breaking Down the Safeguards Rule Incident Response Plan Requirement
The Federal Trade Commission (“FTC”) has given financial institutions six additional months to comply with the new Safeguards Rule requirements. Auto dealers who offer...
Time for a Tune-Up? Service Provider Relationships Under the Safeguards Rule
You may have heard some squeaking lately, investigated a little further, and determined that all the noise is about the Federal Trade Commission's Safeguards...
How Financial Durability Insights Help Auto Lenders Entering 2022
Between government stimulus checks, loan accommodations, and fewer opportunities to spend on discretionary items like vacations and travel because of pandemic restrictions, the overall...
Lending a Hand with Portfolio Analysis Automation
The pandemic has created challenges that have had a unique effect on the auto industry. A lack of supply, specifically a computer chip shortage,...
Police Arrest Shop Owner Who Refused to Surrender Vehicle
Some repair shops seem to ignore the law with impunity. We recently sought the assistance of law enforcement when a shop owner refused to...
Lenders Must Reduce the Impact of Fraud to Improve Bottom Line
In the October 4 issue of Non-Prime Times, in his article “Lien Sale Piracy – What Every Lender Needs to Know”, Dennis LeVine identified...
