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DEALERS LEFT TO THEIR OWN DEVICES
We've experienced a run on issues related to GPS and starter interrupt devices lately so we thought we'd give this subject some...
Joe Allen
Dec 10, 20242 min read
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MAKING A LIST AND CHECKING IT TWICE
The Season's Upon Us! It's just over 3 weeks until Christmas and then Year End quickly follows. The inevitable distraction of the...
Joe Allen
Dec 3, 20242 min read
34
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OUCH, THIS ONE COULD HURT
We usually start these emails by laying the groundwork and then ending with the actual Tip of the Week but this week we're going to...
Joe Allen
Nov 19, 20242 min read
118
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THOUGHTS OF HOW THE TRUMP VICTORY IMPACTS FINANCIAL SERVICES REGULATION
Now that the Presidential election is over, we can turn our attention to how a second Trump administration could impact consumer...
Joe Allen
Nov 11, 20242 min read
92
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IT’S USELESS TO PURCHASE INSURANCE AFTER THE ACCIDENT
Recently, we spoke with a dealer, and asked “What are you currently doing for Compliance to Protect your business”? The person responded...
Joe Allen
Nov 5, 20242 min read
24
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How to Remove a Negative Review
By now every dealer probably knows the importance of online reviews. A large quantity of reviews and a high rating can multiply the...
Joe Allen
Oct 22, 20243 min read
147
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"WRONGDOING IN THE AUTO FINANCE MARKET"
The CFPB published another round of Supervisory Highlights, and yet again auto finance finds itself in the crosshairs. . Not good folks,...
Joe Allen
Oct 15, 20242 min read
128
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Lessons of Leadership During a Crisis
Like everyone else, I’m watching the horrible news coming out of North Carolina with a heavy heart. The devastation and suffering will...
Joe Allen
Oct 8, 20243 min read
65
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Procrastination Doesn't Mean It's Gone
During our monthly webinar last Tuesday, we hosted Chad Pennington of RiskyBizConsulting.com , a former BHPH dealer who now consults...
Joe Allen
Oct 2, 20242 min read
16
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NO PLAN? THAT WOULD BE A DISASTER
When I worked at AutoStar Solutions, I led a quarterly exercise where I'd present a hypothetical disaster scenario to the management...
Joe Allen
Sep 24, 20243 min read
48
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IS YOUR CREDIT REPORTING "FINE"?
The CFPB's assault on credit reporting practices and abuses continues. Just last week, it ordered TD Bank to pay $7.75 MILLION...
Joe Allen
Sep 17, 20242 min read
38
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DO YOU PROVIDE "LOANERS"? IF SO, YOU NEED TO KEEP READING
Those of you that provide Loaner vehicles to your customers will want to know about this. We got a call from a dealer that was named as...
Joe Allen
Sep 9, 20242 min read
189
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THIS CAN'T BE GOOD
This isn't our usual Tip of the Week. It's more like a sounding of the alarm, or a venting, and a slightly long one at that, but bear...
Joe Allen
Aug 30, 20243 min read
95
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COMPLACENCY WILL COST YOU
"It's been a slow summer" The interest I'm having to pay is killing me, I need to cut back" " I need my people focused on things that...
Joe Allen
Aug 27, 20242 min read
27
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Bringing the Heat: The FTC Continues to Scorch Dealers
We've previously warned our audience that the FTC has been taking aggressive action against car dealers . This past week served as a...
Joe Allen
Aug 20, 20242 min read
110
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CALL US FEAR-MONGERS AT YOUR OWN PERIL
Our weekly tips , social media posts and articles for industry publications often point out behavior and actions that have gotten...
Joe Allen
Jul 30, 20242 min read
47
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THE CFPB JUST TOLD US WHAT TO LOOK FOR NEXT
In its just published Summer Supervisory Highlights, the CFPB took aim at how auto servicers (BHPH dealers and finance companies are also...
Joe Allen
Jul 16, 20242 min read
64
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A Potentially Expensive Misconception
While going through some industry related social media, I came across a posting from a service provider that alarmed me. It stated...
Joe Allen
Jul 9, 20243 min read
78
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Be Afraid, Be Very Afraid
When I served as General Counsel to a national finance company, I only had to be a "hard-ass" once. Sure, I was often combative,...
Joe Allen
Jun 18, 20242 min read
125
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Bankruptcy Basics
It seems that at least once a week, a bankruptcy question comes up in one of the dealer/creditor social media groups that we follow. The...
Joe Allen
Jun 4, 20243 min read
118
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