COMPLIANCE IS KEY

Dealerships are operating in an increasingly complex regulatory environment. Each new federal or state mandate impacting franchised dealers imparts an obligation to comply. A missed step or a wrong one can be costly. The Dealership Compliance Officer ensures that the dealership has the policies, procedures, training and monitoring to fully comply.

THE ADCO COMPLIANCE SOLUTION

Each new evolutionary mandate impacting franchised dealers imparts an obligation on the part of the dealer principle to comply. It also establishes a corresponding obligation on those employed by the dealer to implement the policies and conduct the oversight to satisfy the requisites mandated by that obligation.

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Skill Sets

Identify skill sets required to implement and manage a successful compliance program

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Guidelines

Compliance Officer job description and guidelines

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How-To's

How to implement, administer and manage the seven components of a formal compliance program as outlined by the federal guidelines

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Integration

An organizational schematic and guidance to develop performance based policies and procedures for integrating mandated regulations into the dealer’s existing operation, to include:

    • Identification of impacted employees and compliance expectations
    • Policies and procedures that address regulations specific to the dealership’s business units

 

Best Practices

Best practices to create a compliance reporting program, monitor and audit abidance standards, and adherence

 

Guidance

Guidance to prepare for a government audit, incidence investigation and resolution administration

 

Regulation Roster

Provide a roster of the federal regulations, across all dealership departments, that are impacted by compliance regulation and auditing guidelines – from HR to Sales to Service

 

Resources

Resources, including industry subject matter experts, to assist with training and related support services

Become a Member

 

Automotive News

Check out this week’s Digital Edition of Automotive News, please flip to Page 25 to see story on AFIP!

States Step Up Enforcement, Anticipating CFPB Decline

While there is some optimism for deregulation among auto finance lenders, lawyers are cautioning clients not to not be lax on monitoring, because state attorneys general and financial services departments are stepping into the “void” left by the Consumer...

Santander Pays $26M For Loans Deemed ‘Unfair’

Santander Consumer USA entered into a written agreement with the Federal Reserve Bank of Boston on March 21, and agreed to pay $25.9 million to resolve an investigation in two states regarding the financing and securitization of subprime auto loans, the...

6 Events That Altered Auto Finance in 2017

From changes in consumer buying habits to the resignation of the industry’s top regulator, 2017 was a year of changes in the auto finance space. The industry had what is shaping up to be another record-breaking year as total loan balances rose above $1.1...

Compliance & Ethics Professional needs authors like you

SCCE is seeking authors for upcoming issues of Compliance & Ethics Professional. We welcome all who wish to propose compliance-related topics and write articles. Each month Compliance & Ethics Professional offers information to compliance professionals on:...

Automotive News

Check out this week’s Digital Edition of Automotive News, please flip to Page 25 to see story on AFIP!

States Step Up Enforcement, Anticipating CFPB Decline

While there is some optimism for deregulation among auto finance lenders, lawyers are cautioning clients not to not be lax on monitoring, because state attorneys general and financial services departments are stepping into the “void” left by the Consumer...

Santander Pays $26M For Loans Deemed ‘Unfair’

Santander Consumer USA entered into a written agreement with the Federal Reserve Bank of Boston on March 21, and agreed to pay $25.9 million to resolve an investigation in two states regarding the financing and securitization of subprime auto loans, the...

6 Events That Altered Auto Finance in 2017

From changes in consumer buying habits to the resignation of the industry’s top regulator, 2017 was a year of changes in the auto finance space. The industry had what is shaping up to be another record-breaking year as total loan balances rose above $1.1...

Compliance & Ethics Professional needs authors like you

SCCE is seeking authors for upcoming issues of Compliance & Ethics Professional. We welcome all who wish to propose compliance-related topics and write articles. Each month Compliance & Ethics Professional offers information to compliance professionals on:...

Automotive News

Check out this week’s Digital Edition of Automotive News, please flip to Page 25 to see story on AFIP!

States Step Up Enforcement, Anticipating CFPB Decline

While there is some optimism for deregulation among auto finance lenders, lawyers are cautioning clients not to not be lax on monitoring, because state attorneys general and financial services departments are stepping into the “void” left by the Consumer...

Santander Pays $26M For Loans Deemed ‘Unfair’

Santander Consumer USA entered into a written agreement with the Federal Reserve Bank of Boston on March 21, and agreed to pay $25.9 million to resolve an investigation in two states regarding the financing and securitization of subprime auto loans, the...

6 Events That Altered Auto Finance in 2017

From changes in consumer buying habits to the resignation of the industry’s top regulator, 2017 was a year of changes in the auto finance space. The industry had what is shaping up to be another record-breaking year as total loan balances rose above $1.1...

Compliance & Ethics Professional needs authors like you

SCCE is seeking authors for upcoming issues of Compliance & Ethics Professional. We welcome all who wish to propose compliance-related topics and write articles. Each month Compliance & Ethics Professional offers information to compliance professionals on:...

COMING SOON...

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