Dealer Fined $690,000 for Consumer-Protection Law Violations

NEWARK, N.J. — A used car dealership has been ordered to pay $693,645.91 after a Superior Court Judge found that it violated state consumer protection laws and regulations a total of 640 times. The state’s ten-count complaint against RLMB Inc., filed this March, alleged that RLMB and its manager, Michael L. Bloom, violated the Consumer ... Read More »

Compliance Is More Than Just a Word

Dealership Compliance under the Gramm-Leach-Bliley Act

F&I Express Launching CompliPrice

DALLAS – F&I Express today announced it has launched CompliPrice, a cloud-based tool to help automotive retailers ensure its profits on aftermarket insurance products are compliant with dealer compliance policies, lenders and potential guidelines from the Consumer Financial Protection Board (CFPB). While it is well documented that the CFPB is closely scrutinizing dealer and lender ... Read More »

Hudson Cook, LLP Adds Rebecca E. Kuehn as Partner

HANOVER, Md. – Hudson Cook, LLP, a nationwide provider of legal compliance services for the financial services industry, announces the addition of Rebecca E. Kuehn as a partner in its Washington, D.C. office. With over 15 years of experience in consumer financial services and consumer protection matters, Becki counsels financial institutions, consumer reporting agencies, service providers, ... Read More »

UDS Wins Two Dealer Choice Awards for 2015

CLEARWATER, Fla. – United Development Systems, Inc. (UDS) has been named the Diamond Award Winner for F&I Training and Gold Award Winner for Compliance Training in the 2015 Dealers’ Choice Awards by Auto Dealer Monthly. For the eleventh consecutive year UDS has been ranked tops in the F&I Training category, while placing 1st in ten ... Read More »

N.C. Dealer Hit With Third Sex Charge in Two Months

RALEIGH, N.C. — A used-car dealer was arrested Wednesday after he allegedly traded repairs on a Dodge Magnum for a sexual act. It was the third time in two months that he is facing charges related to his interactions with customers, The News & Observer reports. Thomas Jefferson Lynn, 63, is also facing charges stemming ... Read More »

SMART Payment Plan Announces The Appointment Of Jackson Bigham As Its Chief Compliance Officer

NAPLES, Fla. – SMART Payment Plan announces the appointment of Jackson Bigham as its Chief Compliance Officer. Jackson will be responsible for managing SMART’s state and federal regulatory compliance, regulatory reporting, and all legal and compliance activities. “Jackson’s role at SMART will fully utilize his deep understanding and experience in complex compliance and consumer protection ... Read More »

N.Y. Dealer Pleads Guilty to Felony Tax Charges

CORTLAND, N.Y. —The owner of JF Auto World, Joseph Fezza, pled guilty last week to five felony charges stemming from his collection and retention of sales taxes on vehicles he sold over a period of more than five years, and his failure to file sales tax and personal income tax returns. “With Tax Day around ... Read More »

Midwest Compliance Summit Set for April