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.
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.
Preparing for the FTC vs NADA/TADA Oral Arguments
A five-minute read of where we are and where we are going (in my opinion.)
A quick recap of our session at the 2024 NIADA Conference.
How SecureClose can help your business meet the new requirements.
Combating Aggressive Regulatory Scrutiny
Don’t let a complaint put you at risk!
This past week SecureClose had the pleasure of attending the AFSA conference on May 24th-28th in Fort Lauderdale, FL. This conference provided the opportunity to demonstrate how SecureClose completes the entire process of secure creation and transfer of ECP in a compliant secure vetting process. With winsome oceanic views and impeccable weather, ASI showed its […]
Hot off the Presses! Our Chief Legal Officer, Steve Levine, has written a great new article that was published today on the BHPH Report Website. As you know, the CFPB recently published their findings on the benefits of using eClosing in the Mortgage Industry, and their desire to move forward with making it the standard […]
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