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Don’t let process shortcuts short-circuit all the hard work your dealer has put in to make their dealership the success it is today.
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If a dealership is still buying Sharpies to complete paper Four Squares, you will probably find a higher percentage of packed payments or potentially discriminatory pricing.
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Does the Safeguards Rule apply to the dealership’s service drive? The short answer is ‘yes’.
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There are at least three reasons you need data when confronted with allegations of disparate impact.
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Compliant Summit was created to benefit the entire dealership, with specialty educational tracks dedicated to sales managers, F&I managers and compliance officers.
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Join Automotive Compliance Education, Aug. 7–9, for an agenda dedicated to increasing sales, F&I and efficiencies within the dealership, with an eye towards doing things compliantly.
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Dealers need to stay vigilant and make it known these practices will not be tolerated and discipline the employees who continue to put them at risk!
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The genesis for Fair Credit Compliance, was to help dealers deflect claims of discriminatory pricing and payment packing, both of which were more prevalent than they are today.
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Included in the event registration, all attendees will be eligible to sign up and take the ACE certification exam in one of four disciplines: F&I Specialist, Sales Management Specialist, Compliance Officer, and ACE’s newest offering, Safeguards Specialist.
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You can create a simple test deal file and pop quiz to administer during the interview process that will tell you how compliant the applicant really is, vis-a-vis your compliance standards.
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