ACM Risk Consultants (Pty) Ltd’s Post

Have you read some of the determinations made by the FAIS Ombud? Is your F&I complying with TCF? Of particular interest to motor dealer F&I’s is this one: https://bit.ly/3Wo1acH #motorinsurance #FinancialServicesIndustry #FAIS #treatcustomersfairly

What is the difference between an advice service and an intermediary service? Because this, in conjunction with the demands in the FAIS General Code of Conduct, provides the clarity that F&Is need to be able to answer the question themselves. Read the answer in our article. https://bit.ly/3xSeSdo #motorinsurance #FinancialServicesIndustry #motordealers #FAIS

TIMING MATTERS! To comply with the NAR Settlement terms and CA Bill AB 2992 if passed - Buyer Broker Agreements MUST be signed PRIOR to ANY Agent type activities. - Showings - In person/Virtual - Offer Writing Your Buyer Broker Agreement is confirmation of the terms you & your client have agreed to - including responsibility for making sure you receive your compensation for your services! Backdating Agreements can lead to litigation and fines - Get the Order Right from the Start 1. BRBC before any Agent activities with a client 2. Mark RPA 3 G 3 to include the SPBB if being requested on your offer I'm here to assist you or another Real Estate Professional/Brokerage you know with any timeframe, form or compliance questions, even if I'm not the TC on the file! Samantha (Sam) Hays CAR Certified Forms Trainer CAR Certified Trust/Probate Specialist CAR Certified Transaction Coordinator Realtor DRE 01385631 Notary 619-993-7264 Sam@OneStop-TC.Com Facebook Group - https://lnkd.in/gNA7NN5Q Facebook/TikTok/Instagram/LinkedIn/YouTube - @onestoptc #BRBC #BuyerBroker #SPBB #CARFORMS #NARSettlement #AB2992

Spend more time on deck and less time dealing with processor statements! Find out how Merchant Advocate can help save your business money without any major effort on your part. It all starts with a FREE, no-risk analysis: merchantadvocate.com @baywood-marina #creditcardprocessing #merchantfees #marina #boatlife

Breaking News: Go First Insolvency Hearing Adjourned Until July The NCLT has postponed Go First's insolvency hearing to July 11th, 2024. This follows a critical development - a Delhi High Court order deregistering Go First's leased aircraft. The airline's future is uncertain as the Resolution Professional declined to comment on their next steps. Engine lessors are pressuring the tribunal for a swift resolution. This case is a cautionary tale for the aviation industry, highlighting the challenges faced by airlines and lessors in financial distress. Stay connected for further updates on this ongoing saga. 🔗 Details of the order: https://lnkd.in/ecFRsmTq #GoFirst #Insolvency #NCLT #AviationIndustry #DelhiHighCourt #IBC #Seradena

An expansive investigation into U.K. auto finance practices dating back to 2007 could stymie market growth across the pond for several years. #compliance #autofinance #UK https://hubs.la/Q02rZ3yv0

At the end of the summer, the Financial Conduct Authority (FCA) is expected to announce its findings and next steps following its review of discretionary commission arrangements. With three months to go, lenders must brace themselves for these findings and the potential costs and operational challenges that follow. Analysts estimate the industry could face redress costs of £16 billion – putting the viability of some lenders in doubt. Our risk advisory and automotive experts explore the economics of car-buying, and examine whether the finance arrangements can realistically be unbundled from the deal that the motorist and the dealer/broker strike > https://lnkd.in/dazCUp_z #motorfinance #carfinance #fca

At the end of the summer, the Financial Conduct Authority (FCA) is expected to announce its findings and next steps following its review of discretionary commission arrangements. With three months to go, lenders must brace themselves for these findings and the potential costs and operational challenges that follow. Analysts estimate the industry could face redress costs of £16 billion – putting the viability of some lenders in doubt. Our risk advisory and automotive experts explore the economics of car-buying, and examine whether the finance arrangements can realistically be unbundled from the deal that the motorist and the dealer/broker strike > https://lnkd.in/eyAbvGvA #motorfinance #carfinance #fca

There is a prevalent practice in a leading organization to  ask, its contractors/ Concessionaires  for   settlement agreements  in every issue where consequential claim may  arise. This practice  is frequently being applied in case of EOT, COS etc. I think it is nothing but coercion on part of this organization  because no one gives away its right so easily. Although these settlement agreement are being done under the garb of conciliation process   and on one to one basis.  Hon’ble SC judgement in National Insurance Vs M/s Boghara Poilyfab matter, does not consider  such settlement agreements under  coercion or duress  but considering the magnitude and frequency can this be challenged?

At the end of the summer, the Financial Conduct Authority (FCA) is expected to announce its findings and next steps following its review of discretionary commission arrangements. With three months to go, lenders must brace themselves for these findings and the potential costs and operational challenges that follow. Analysts estimate the industry could face redress costs of £16 billion – putting the viability of some lenders in doubt. Our risk advisory and automotive experts explore the economics of car-buying, and examine whether the finance arrangements can realistically be unbundled from the deal that the motorist and the dealer/broker strike > https://lnkd.in/g6ZGBvVk #motorfinance #carfinance #fca