Adverse action notices are not just for consumers denied credit. The Fair Credit Reporting Act (FCRA) also requires consent to run credit reports on job applicants and employees, with notification to applicants and employees if these reports lead to an adverse employment decision. A recent action by the federal government affects the notification of adverse action
FTC: Recall Marketing is Radioactive
The Federal Trade Commission just announced a consent judgment with a dealer group, its president and vice president, and a marketing supplier and its owner. It results from a lawsuit in federal court over advertising campaigns it says used an “urgent recall notice” in a mailer with a “warning” that the recipient’s vehicle may “be
New Work-Release Program Creates More Technician Jobs
Late last month, VADA had the honor of attending a ribbon-cutting ceremony, celebrating Virginia’s first-ever prison work-release hybrid program. President & CEO of Chesapeake-based Priority Auto, Dennis Ellmer, led this charge after vacationing in Fiji a few years ago and meeting a tour guide who studied the trade while in prison. The program focuses on
Managing & Controlling Healthcare Costs
When three unrelated powerhouses like Berkshire Hathaway, J.P. Morgan and Amazon agree to work together towards a common goal—in this case controlling healthcare costs—it’s probably something to which we should pay attention. And many have asked what we anticipate to be the area of focus for this partnership. Before I begin, let me first make
Remembering Ed Snyder
We would like to commemorate the life of Ed Snyder who passed away October 19, 2018. He was father to five children, including Steve Snyder, a past VADA Chairman. He leaves behind his legacy of husband, father, grandfather, great-grandfather and leader in the automotive community. In 1964, Ed and his wife founded Checkered Flag Motor
Time Dealer of the Year Nominee: Ron Kody
Congratulations to Ron Kody for his Community Service and Industry Accomplishments VADA’s Executive Committee is pleased to announce Ron Kody, President of Richmond Ford, has been nominated for the 2019 TIME Dealer of the Year Award. We are extremely proud of him and his accomplishments. The TIME Dealer of the Year program honors new-car
2018 PAC Enrollment Form
Click here for the 2018 PAC Enrollment form: 2018 Enrollment Form
Form I-9 Tips
We have written about the Trump administration’s push to deregulation. We have noted that one should not expect reduced emphasis on a key Trump policy – reduction of illegal immigration – and for dealers that means Form I-9 compliance. If the Department of Homeland Security, Immigration and Customs Enforcement (ICE) inspects your dealership for I-9
The Importance of a Compliance Program
Do you have a compliance program for sales and F&I activities? A compliance program must have several critical elements: Training – Employees must understand what they can and cannot do. Roadmap – A program will include a checklist to help employees through transactions so the appropriate steps are taken and necessary forms are properly completed.
New Credit Freeze Law: What Does It Mean for Your Dealership?
This spring, the U.S. House and Senate overwhelmingly passed, and President Trump signed, the Economic Growth, Regulatory Relief, and Consumer Protection Act. The Act made several changes to the Dodd Frank financial reform law and other related statutes. The primary purpose of the law was to reduce regulatory burdens on financial institutions, particularly small banks.