Dealer Best Practices – Guidelines for Aftermarket Products
It is essential for automotive dealerships to stay compliant with the regulations set by the CFPB, Department of Justice (DOJ), state regulatory agencies,…
Category: Compliance
Portfolio – CA GAP
Portfolio issued the following memo. To clarify where we stand regarding lender approval of our California GAP forms, here are theF&I Sentinel lenders…
FTC Safeguards Rule Update
The Safeguards Rule is a regulation set forth by the Federal Trade Commission (FTC) that applies to financial institutions, including dealers. The rule…
Assembly Bill 2311: What California Car Dealers Need to Know About the New GAP Coverage Regulations
As a car dealer in California, you are now subject to the new regulations set forth by Assembly Bill 2311. This bill has…
Military Lending Act (MLA) and GAP
“Navigating the Impact of DOD Guidance on GAP Coverage for Active Duty Service Members at Dealerships” Guidance issued by the Department of Defense…
CPA’s advice for independent contractors
I had a contractor come on board who has always been a W2 employee before. Here is the advice from my CPA for…
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