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Entrepreneurial salespeople are the rock stars of auto retail, but if their side hustle is a credit repair organization, they are creating a major liability...
https://www.fi-magazine.com/359566/is-your-salesperson-running-a-cro
For all the dispersions cast on sales and F&I professionals, legal actions against dealerships are frequently the result of lying customers.
https://www.fi-magazine.com/359447/consumers-dont-always-tell-the-truth
The shady practices dealers and F&I professionals once bragged about are now landing many in jail. Compliance expert lists three forms of fraud you can...
https://www.fi-magazine.com/358849/yesterdays-standards-are-todays-felonies
Synthetic identity theft is wreaking havoc among American retailers. Compliance guru offers a buyback prevention checklist for dealers and F&I professionals.
https://www.fi-magazine.com/357995/fi-meets-a-new-age-dr-frankenstein
A dealership’s Red Flags process is a clear indicator of how its overall compliance quotient stacks up against stores that never let a notification go by.
https://www.fi-magazine.com/357696/its-the-process-stupid
When sales managers habitually ignore Red Flags warnings, your customers’ identities and the dealer’s wallet are both left vulnerable. Here’s how to break...
https://www.fi-magazine.com/357350/sales-compliance-and-the-red-flags-rut
Expert lists four all-too-common situations in which failing to understand underwriting guidelines or falsifying required stips — by dealership or finance...
https://www.fi-magazine.com/357177/4-fi-scenarios-that-can-lead-to-bank-fraud
Despite improved industry education and a slew of regulatory enforcement actions, packing payments remains a popular pursuit at dealerships around the...
https://www.fi-magazine.com/356841/proper-desking-prevents-payment-packing
Compliance guru has the processes and auditing outline you need to avoid issues that begin in sales and at the desk, starting with discriminatory pricing.
https://www.fi-magazine.com/356610/when-sales-is-to-blame-for-noncompliance-part-3