As we wave goodbye to a tumultuous 2016 we turn toward 2017, a year that almost certainly will see changes in the regulatory environment. Whether those changes are sweeping or a little here and there is yet to be seen. But what we do know is that your dealership will still be selling cars. This […]
Auto Dealer Compliance
Having a “growth problem” is an oxymoron. If your business is growing and you need to hire more staff that means you are a success and business is booming! But that also means training more employees, managing more vendors, and keeping track of more policies. If this sounds like a problem you are having it […]
The automotive industry has long prized efficiency. Starting all the way back with Henry Ford’s assembly line in 1913, the people and companies who create, test and sell automotive vehicles tend to love processes that waste as little (time, money, headaches) as possible, and are fundamentally easy to learn, implement and improve.
There’s nowhere quite like California. As we wrote about last month, the nation’s most populous and economically active state is also home to a dazzlingly complex legal system. Lawsuits lead to court decisions; court decisions lead to new laws; and new laws lead to new regulatory compliance challenges.
How is it possible that the US state with the highest number of Fortune 500 companies is also consistently ranked the worst state in which to do business?
Last week Complí held our most highly attended webinar of the year, CFPB Enforcement – What Your Dealership Needs to Know. The main question on most dealer’s minds was “how do I build a Compliance Management System (CMS)?” As the CFPB continues to drive this expectation in the finance industry and their 3rd parties (that’s […]
Who is the CFPB? The Consumer Financial Protection Bureau (CFPB) supervises depository institutions with total assets of more than $10 billion, and their affiliates. The Bureau also has authority under the Dodd-Frank Act to supervise non-banks, regardless of size, in specific markets. This means auto dealers and lenders are now at risk of non-compliance, according […]