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UCDP Ep #46 - What your Dealership Needs to Know in 2023 About FTC Safeguard & Compliance

UCDP Ep #46 - What your Dealership Needs to Know in 2023 About FTC Safeguard & Compliance

FromUsed Car Dealer Podcast


UCDP Ep #46 - What your Dealership Needs to Know in 2023 About FTC Safeguard & Compliance

FromUsed Car Dealer Podcast

ratings:
Length:
21 minutes
Released:
Feb 14, 2023
Format:
Podcast episode

Description

In this episode of the Used Car Dealer Podcast, Zach interviews Adam Crowell of ComplyNet. They discuss the importance of FTC Safeguard compliance for used car dealers, the proposed rules by CFPB and FTC, safety recalls and non-proper disclosure for dealers, and advice on how to get started with compliance.Some of the questions asked include:Q) Talk about your background on the legal side of automotive and what you guys do for dealers at ComplyNet? Q) What's most important for dealers to understand about FTC Safeguard? Q) What would be a couple examples for context purposes of the technical or admin things that used car dealers might have to do to be in compliance?Q) What's your opinion on the belief held by some dealers that they are not at risk of getting into trouble with FTC Safeguard and other compliance considerations?Q) What were some of your observations as dealers tried to comprehend FTC Safeguard and put into place measures for the Dec 9th deadline (which is now extended until June)? Q) Talk about new proposed rules by CFPB and FTC, which impact used car dealers, especially BHPH? Q) Talk about safety recalls and non-proper disclosure for dealers? Is this another big focus for enforcement coming forward? Q) If you were a used car dealer, thinking about the upcoming June deadline, what advice would you have to get started in moving toward FTC Safeguard compliance? Q) Lastly, Adam, what’s coming down the pipeline from the ComplyNet for 2023?Listen to our other podcast episodes: https://www.sellyautomotive.com/podcastTranscribe of this podcast - https://blog.sellyautomotive.com/blog/adamcrowell2023
Released:
Feb 14, 2023
Format:
Podcast episode

Titles in the series (60)

Welcome to the Used Car Dealer Podcast.You don’t have time for another vendor-sponsored podcast. You need actionable insights from people who understand your business inside and out. No sales pitches. No vendors-sponsored content. Just authentic, straight-to-the-point advice for used car dealers.Hosted by industry veterans the Used Car Dealer Podcast is the ONLY show that’s 100% focused on YOU.In each episode, we share tips on how to supercharge your used car business. You’ll hear interviews with industry experts, hot debates, and must-have news from across the industry.Whether you’re in sales, F&I, management, or in the allied industry, you’ll love the Used Car Dealer Podcast. Subscribe today anywhere you listen to podcasts.