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FYI

Dealer magazine
In the October issue of Dealer Magazine, Gil talks about the importance of training and re-training dealership employees on the Red Flags Rule.

F&I Management & Technology
In the August issue of F&I Management and Technology Magazine, Joe identifies laws and regulations a dealership should consider when developing a digital compliance manual.

Red Flag Rule
The FTC is implementing enforcement of the Red Flag Rule, which aims to define a process for protecting consumers from identity theft. You may want to review our recent article on the topic.

 

 

gvo3 & Associates is committed to working with automobile dealerships to develop and implement compliance strategies for Sales and F&I processes. This strategy helps dealers to find the proper balance between compliance and profits.

There are several compelling reasons to implement Sales and F&I compliance strategies

  • Our strategy does not exist in a vacuum. Profitability and compliance are not exclusive of each other. Dealers find an improvement in profitability after implementing compliant processes.
  • A potential reduction in a dealer’s garage keeper’s liability insurance once a risk management program is in place.
  • These strategies apply a structured approach to risk management and help to mitigate litigation and governmental inquiries.
  • The new Federal Criminal Sentencing Guidelines acknowledge the importance of having a structured risk management plan in place.
  • It helps clients sleep better at night.
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We regularly update clients, dealers and industry executives when we publish articles and white papers as well as release news that impacts vehicle dealerships. We invite you to sign up for these updates by joining our list of industry dealers and professionals.

The Realities of Bank Fraud: What a Dealer Needs to Know, RouteOne Webinar. December 6, 2011. 1:00 PM - 2:00 PM. Featured Speaker.

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