Three Important Compliance Concerns
Every Dealer Should Consider
Presented by NADA’s Brad Miller, Esq.
GCADA Learning Center – West Chester, OH
Thursday, November 19, 2015
Two sessions: 9:00 am – Noon & 1:30pm – 4:30pm
Over the course of the past three years we’ve written a lot about the actions of the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC). In addition, as an industry, we are coming to terms with data security and the access others may have to our DMS.
To help you understand the latest developments in these areas, please join NADA compliance attorney Brad Miller, at the Learning Center, here at the GCADA classroom for a discussion of these three pressing compliance issues.
Topics covered will include:
- Our industry has been grappling with the CFPB and their allegations that discretionary pricing of auto financing by dealers has a disparate impact on certain consumers. Several financial institutions have paid huge fines. If your financial institutions came to you and asked why a particular loan deviated from your standard dealer reserve would you be able to respond? We will discuss NADA’s Fair Credit Guidance Program which is designed to provide specific guidance for dealers looking to implement a compliance program. The NADA program provides dealers with documentation and a process so that you are better able to respond to such a request. Attendees will receive a copy of NADA’s “Fair Credit Compliance Policy & Program.”
- A thorough review of the FTC’s recent dealer advertising enforcement actions and the specific types of advertising that have drawn the attention of the agency’s lawyers. All attendees will receive a copy of NADA’s “A Dealer’s Guide to Federal Advertising Requirements.”
- Whether it is vendors or manufacturers, it seems as though everyone wants access to your DMS. Sometimes for good reason, others times, maybe not. Come learn the latest regulatory as well as other developments in the digital/data space area.
He has spoken to dealer groups and others around the country on federal regulatory issues facing dealers, and is the author and editor of numerous NADA publications on an array of regulatory topics. Prior to NADA, was in private practice with the Washington, D.C. law firm, WilmerHale where his practice included representing companies and individuals in state and federal litigation and before numerous federal agencies.
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