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Introduction In today’s digital age, automotive transactions have transitioned from traditional cash exchanges to electronic payments. While this shift has brought convenience and efficiency, it has also exposed...
Read MoreOn December 1, 2023, the Florida Department of Highway Safety and Motor Vehicles issued a memo to all law enforcement agencies regarding the use of dealer license plates. The memo clarifies that dealers may operate vehicles on...
Read MoreThe automotive dealership industry is abuzz with talk about the revised FTC Safeguards Rule. The potential for FTC enforcement action, combined with fines of $50-120 per violation, has dealerships rightfully concerned. However,...
Read MoreA particularly critical, yet often overlooked, requirement of the revised FTC Safeguards Rule that went into effect earlier this year requires dealers to “…implement policies, procedures, and controls designed to monitor and log...
Read MoreIf you are confused about the intricacies of the Gramm-Leach-Bliley Act’s revised Safeguards Rule (Safeguards Rule) that went into enforcement on June 9, 2023, welcome to the club. For many dealerships, regulatory compliance...
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