http://www.SpecialFinanceInsider.com/Top 10 Article Headlines Legal & Compliance Copyright 2009 Special Finanace Insider CCU RSS Feed V1.0Thu, 29 Jul 2010 11:22:31 GMTen-ushttp://www.SpecialFinanceInsider.com/16/316/ARTICLE/So-Call-it-a-Credit-Sale---Unless-it-s-a-Loan.aspxhttp://www.SpecialFinanceInsider.com/16/316/ARTICLE/So-Call-it-a-Credit-Sale---Unless-it-s-a-Loan.aspxNicole MunroWed, 07 Jul 2010 16:41:50 GMTNicole Munro - Time and again, we hear folks call retail installment sales “loans” and sales finance companies “lenders.” Not only do people unfamiliar with the industry use the incorrect terminology, but also dealers, sales finance companies, vendors, and even lawyers and judges get it wrong. Time and again, we correct them. We’ve made more attempts than we can count to discourage this mistake, but people continue to make it.http://www.SpecialFinanceInsider.com/16/307/ARTICLE/Stop-Before-You-Start.aspxhttp://www.SpecialFinanceInsider.com/16/307/ARTICLE/Stop-Before-You-Start.aspxNicole MunroWed, 02 Jun 2010 15:56:18 GMTNicole Munro - Companies offering some sort of payment assurance technology lined the exhibit hall at the recent conference of the National Alliance of Buy Here Pay Here Dealers in Las Vegas. I spoke on two different legal compliance panels answering questions from the audience and spent a ton of time answering questions at the CounselorLibrary booth. Many of the questions I was asked had to do with starter interrupt and GPS tracking devices. You name it, someone asked it. http://www.SpecialFinanceInsider.com/16/304/ARTICLE/The-Answer-s-in-the-Details.aspxhttp://www.SpecialFinanceInsider.com/16/304/ARTICLE/The-Answer-s-in-the-Details.aspxNicole MunroWed, 19 May 2010 15:09:30 GMTNicole Munro - I get lots of calls from dealers who want me to review and comment on the latest and greatest new product they plan to offer their customers—damage waivers, GAP products, service contracts, warranties, “etch.” You name it; I’ve probably spoken to a dealer about it. http://www.SpecialFinanceInsider.com/16/298/ARTICLE/Blotter-Chatter---Identity-Theft-at-Car-Dealership.aspxhttp://www.SpecialFinanceInsider.com/16/298/ARTICLE/Blotter-Chatter---Identity-Theft-at-Car-Dealership.aspxEmily BeckWed, 14 Apr 2010 13:52:23 GMTEmily Beck - According to the blotter, a car dealership reported that a man using a stolen identity purchased a new car worth over $51,365 with no money down. This tasty little morsel of news really got me thinking, but left me with far more questions than answers. http://www.SpecialFinanceInsider.com/16/283/ARTICLE/If-You-Don-t-Have-Anything-Nice-to-Say---.aspxhttp://www.SpecialFinanceInsider.com/16/283/ARTICLE/If-You-Don-t-Have-Anything-Nice-to-Say---.aspxEmily BeckWed, 03 Mar 2010 14:29:48 GMTOne of our lawyers shared with me her recent car-buying experience. She explained that, after forwarding an e-mail containing the terms she received from the “X Organization” to the “Y Organization,” to see if the “Y Organization” could beat the “X Organization’s” price, she received an e-mail from the general sales manager of the Y Organization. As soon as this e-mail landed in her inbox, my colleague decided to cross the “Y Organization” off her list. http://www.SpecialFinanceInsider.com/16/279/ARTICLE/Why--Yes!-I-Can-Speak-Consumerese!.aspxhttp://www.SpecialFinanceInsider.com/16/279/ARTICLE/Why--Yes!-I-Can-Speak-Consumerese!.aspxEmily BeckWed, 03 Feb 2010 14:20:00 GMTHere’s some free advice for folks who earn their bread in F&I. Choose your words carefully—very carefully. You may have picked up your sales spiel from the best trainer in the world or the most successful finance guy in your 20 group, but none of that will matter if your customer walks out of the box with a mixed-up idea of what role the dealership plays in the transaction. http://www.SpecialFinanceInsider.com/16/272/ARTICLE/Avert-the-Y2K10-Compliance-Apocalypse.aspxhttp://www.SpecialFinanceInsider.com/16/272/ARTICLE/Avert-the-Y2K10-Compliance-Apocalypse.aspxEmily BeckWed, 13 Jan 2010 15:40:00 GMTWhile the Y2K phenomenon proved to be more hype than “byte,” the apocalyptic compliance frenzy that dealers face today makes Y2K look like a cake walk. http://www.SpecialFinanceInsider.com/16/247/ARTICLE/Look-Good-in-Orange--.aspxhttp://www.SpecialFinanceInsider.com/16/247/ARTICLE/Look-Good-in-Orange--.aspxEmily BeckWed, 25 Nov 2009 14:00:00 GMTIt makes me sad to hear stories about dealers who get dinged for seemingly insignificant technical violations of the law. Unfortunately, it is not unusual for us to hear about dealers who get slammed because of some error in their paperwork, or because they overlooked a change in the law.http://www.SpecialFinanceInsider.com/16/208/ARTICLE/Red-Flags-Rule-Basics.aspxhttp://www.SpecialFinanceInsider.com/16/208/ARTICLE/Red-Flags-Rule-Basics.aspxKevin DayFri, 11 Sep 2009 19:18:37 GMTIn 2007, in conjunction with the FTC, a large committee passed final legislation for the Fair and Accurate Credit Transactions Act of 2003, also known as the Identity Theft Red Flags and Notices of Address Discrepancy, or “Red Flags Rule.”http://www.SpecialFinanceInsider.com/16/203/ARTICLE/Nonsignatory-Party-Entitled-to-Enforce-Arbitration-Agreement.aspxhttp://www.SpecialFinanceInsider.com/16/203/ARTICLE/Nonsignatory-Party-Entitled-to-Enforce-Arbitration-Agreement.aspxEmily BeckFri, 04 Sep 2009 00:02:00 GMTUsually a party has to sign a contract in order to be able to enforce it. It seems simple enough, right? That isn’t always the case, however, and that can be good news for parties that have some relationship to a dealer’s sale and financing agreements, even though their signatures don’t end up appearing on the bottom line.