KPA + ComplyNet’s Post

Good News for the Honest Dealership's. No Need for any additional Document's or Redundant Forms. But it's not going away. Get your F&I Completely Digital and Most of this goes away. Do Not let the Government Tell you how to Run your Business. But Pay Close attention to the Consumer Laws with Privacy and Proper Disclosure's. Its time to Get Rid of your Paper and Start your Digital Transformation.

The FTC has hit the pause button on the CARS Rule. 🛑 Curious about what this means for you? Check out our website to get the scoop on the latest developments and stay informed 👉 https://hubs.ly/Q02hF0M-0 #FTC #CARSRule #KPA #Compliance #SafetySoftware

Today’s FCA Final Notice to Volkswagen Financial Services (UK) Limited leaves little doubt that VWFS made some major errors in its collections activities for vulnerable customers. But is the Final Notice - the only publicly available information - as clear as it could be? The picture painted by the FCA is that VWFS had all the gear (perfectly compliant collections policies) but no idea (in real life, procedures falling far short of the policies). My new blog explores indications in the Final Notice that the FCA’s write-up of this might be slightly weighted to fit the conclusion, rather than being a fully balanced explanation of the circumstances. I conclude that if other firms across the consumer credit industry are to learn from this, some more context to the FCA’s findings would be valuable. On my website at https://lnkd.in/dvtnr5gg. Comments here are welcome.

Important Information regarding the pause on the #carsrule! What does this mean for your dealership? Read the attached! We are here to help you and answer any questions you may have during this time!

Combating. Auto. Retail. Scams. = The new complex FTC CARS rule, which was slated to be effective this July, but pending litigation will likely delay. Check out the details here; https://lnkd.in/enTT4pZu

#automotivedealerships turn to KPA for Complete Compliance solutions and our expert advice. The CARS rule is paused for now, but KPA + ComplyNet will keep you current on future developments and their implications for your business. #marketleader #rvindustry

News of the FTC’s stay of the CARS Rule broke while we were in DC for the WANADA Public Policy Day. Fortunately, we had Jim Ganther, CEO of Mosaic Compliance Solutions, to help us break it all down. Show Notes with links: https://lnkd.in/eKecsusg The FTC's CARS Rule, aimed at regulating auto dealership practices, hits a roadblock as the U.S. appeals court reviews challenges from major auto dealer associations. FTC postpones CARS Rule enforcement pending 5th U.S. Circuit Court of Appeals decision, following petitions from NADA and Texas Automobile Dealers Association. The Rule, initially set for July 30, targets dealership advertising and finance/insurance practices, but faced industry backlash for perceived operational impacts. FTC criticized the challenge as meritless, citing potential consumer harm and industry dishonesty due to delays, but acknowledges the current legal uncertainties. NADA supports legislative efforts to impede the Rule and commits to educating dealers about compliance, despite the postponement. "We’re very pleased with that result,” Paul Metrey, NADA's EVP of public policy, expressed.

Read this update on the #FTC CARS Rule by Natasha Murillo-Gill, CPA and learn, if passed, how the ruling could affect your dealership: https://bit.ly/3z2ST4y

It was an honor to write my first article for #THE Forvis Mazars US Dealerships group. Read the attached to see how this ruling could affect your dealership!

The 🚗 Latest on the CARS Rule Legal Challenge. Last month, the FTC filed a brief defending its CARS Rule and addressing industry criticisms. The rule aims to penalize deceptive practices in auto retail, reinforcing consumer protection. Stay updated on the developments and its potential impact F&I product compliance for auto dealers and lenders. 👉 Read the Full Update - https://bit.ly/3Krr9Zd #consumerprotection #autoretail