Automobiles and text messages can’t seem to get along. As the primary technologies for getting around and communicating, cars and phones represent two of contemporary society’s most indispensable tools. And yet no one has figured out a way to safely use one while using the other, nor has either industry—automotive or telecommunications—successfully crossed over to […]
Are you a finance company, retailer (such as an auto dealer, furniture or department store), or a credit union that offers consumer credit contracts? If you so, you fall into the category of a creditor that is subject to the jurisdiction of the FTC (Federal Trade Commission) and therefore you must comply with the Credit […]
The Magnuson-Moss Warranty Act was passed in 1975 to create a system of rules that ensures clearly written and displayed warranties that protect both your business and your customers. The competitive advantage to having easy to find and read warranties is that your customers can easily compare your offer to a competitors. We’ve put together […]
Does your organization collect personal and private information from consumers? If you do, you’d better be handling that information properly. You need to be clear about who has access to this sensitive information. And equally important, you need to dispose of it properly. No one wants to risk their financial identity with an untrustworthy business. […]
If you’re an organization that processes credit applications, it is your duty to provide an Adverse Action Notice if a consumer is denied credit. And you’ve got to provide it within 30 days of receiving a credit application. There are two key laws here (both federal) that govern the requirements around adverse action notices — […]
What The Federal Trade Commission (FTC) Used Car Rule and the Federal Odometer Act (FOA) require companies to disclose certain information to customers in connection with the sale of new and used vehicles.
Who: The Office of Foreign Assets Control (OFAC) is an office of the United States Department of the Treasury.