secureclose

From automatic ID verification to secure e-signature and e-vault storage, SecureClose brings digital compliance solutions to your car dealership.

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1225 W Main St
Ste 101-603
Mesa, Arizona

info@secureclose.net
(855) 496-9335‬

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Compliance From the CEO's Desk Industry News

Part 2: Lighting Strikes More Than Once. The FTC’s Recent Actions Before Oral Arguments

In the last six months, the FTC has actively targeted deceptive practices in the automotive sector, enforcing actions against companies like Coulter Motor Company, Asbury Automotive, CarShield, and Vroom. These actions focus on issues such as misleading advertising, undisclosed fees, and discriminatory pricing. The FTC continues to prioritize consumer protection and transparency.

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Compliance From the CEO's Desk Industry News

What Don’t You Want? – Explaining the FTC’s meaning of “Express Informed Consent-(EIC)”

The FTC’s new CARS rule mandates that dealers obtain express informed consent (EIC) before finalizing sales, although the rule does not clearly define EIC. It specifies what EIC is not, such as prechecked boxes and signed documents alone. SecureClose proposes a comprehensive solution to help dealers comply with these requirements.

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