—The Definitive 4-1-1 on Red Flags Rule for Auto Dealers—
First Advantage CREDCO, the leading provider of automotive specialty credit reporting and identity verification services, in collaboration with Hudson Cook, LLP and Compli®, today announced a comprehensive webinar for U.S. automotive dealerships focused on the legal, process and data requirements for developing a Red Flags Rule compliance program. Hosted by First Advantage CREDCO, the webinar – You and The Red Flags Rule: The Definitive 4-1-1 for Automotive Dealers – is offered free of charge and limited to the first 1,000 registrants. It is being held on Thursday, Oct. 9, 2008 from 9:00 a.m. to 10:00 a.m. PDT.
Featuring a discussion of the rule’s requirements by Hudson Cook, LLP, compliance process advice from Compli and guidance on identity verification data from First Advantage CREDCO, the Red Flags webinar is designed specifically to address the critical components and training requirements associated with the Red Flags Rule, which automotive dealers are mandated to comply with by Nov. 1. Attending dealers will benefit from three of the most influential industry experts by gaining a greater understanding of the Red Flags Rule so that they can effectively create and implement an identity theft prevention program for their dealerships.
“Helping dealers understand the fundamental elements of the Red Flags Rule is our number-one objective,” said Michael Benoit, partner with Hudson Cook, LLP. “This webinar gives us an opportunity to offer a clear, easy-to-understand explanation of the rule’s requirements that will assist dealers in achieving their compliance obligations.”
“We’re pleased to participate in this one-time event to help ease the minds of dealers concerning the compliance requirements around the Red Flags Rule,” said Robert Miller, founder of Compli. “Dealers will gain practical, first-hand knowledge on the compliance processes and on-demand software tools they need to help them satisfy the mandate.”
“For nearly two years, automotive dealers have been hearing bits and pieces about the Red Flags Rule and, as a result, have a lot of questions concerning its interpretation and fundamental requirements,” said Eric Rumsey, president of First Advantage CREDCO. “We’re pleased to offer this very unique opportunity for dealers to learn everything they need to know – such as the legal, process and data components of the rule – in a single presentation.”
Michael Benoit, partner, Hudson Cook LLP
Robert Miller, Esq., founder, Compli
Cres Hay, senior product manager, First Advantage CREDCO
Eric Rumsey, president, First Advantage CREDCO (moderator)
Who Should Attend
Owners, Dealer Principals, CEOs, CFOs, Controllers, GMs, SGMs, F&I Managers, Compliance Managers, Program Coordinators and/or anyone designated as responsible for their dealership's Red Flags Program.
What Attendees Will Learn
- Risk and Exposure of Identity Theft
- Legal Requirements of the Red Flags Rule
- System and Process Tools to Keep You on Track
- How to Best Communicate and Document Compliance
- Consumer Data Solutions to Help Satisfy Your Compliance Obligations
- Recommendations for Creating Your Red Flags Program
Thursday, Oct. 9, 2008
9:00 a.m. - 10:00 a.m. PDT
How To Register
This valuable one-time webinar is available free of charge and limited to the first 1,000 registrants. Attendees do not need to be Hudson Cook, Compli or First Advantage CREDCO clients to participate. Register today at www.CREDCOservices.com/Webinar.
About Hudson Cook, LLP
Hudson Cook, LLP was established in 1997 with a single purpose in mind — to provide the best possible service to automotive, housing and financial services industries in the ever changing world of consumer financial services law compliance. Our wide-ranging services cover virtually all aspects of state and federal consumer financial services law. At some law firms, the consumer financial services practice is at best an adjunct to the litigation or general business or banking law practice. At Hudson Cook, consumer financial services law is what we do.
Compli is headquartered in Portland, Ore., with regional offices covering Midwest, Northeast, Southeast, South and West territories. With over 800 dealerships in 37 states and serving more than 43,000 dealership employees, Compli is the leading provider of on-demand compliance management software for the U.S. automotive retail industry. The Compli Dealership Compliance Management System (DCMS) allows you to control, track and automate regulatory compliance operations within and across dealerships. Compli's DCMS provides an organized method for efficiently implementing policies, educating your employees, tracking results and demonstrating compliance.
Dealerships interested in assessing their level of regulatory compliance, including "Red Flags," may receive a free, online Dealership Compliance Assessment (DCA) at www.compli.com/rf.
About First Advantage CREDCO
First Advantage CREDCO, a wholly-owned subsidiary of First Advantage Corporation and part of its Dealer Services segment, processes tens of millions of consumer transactions annually and is the leading provider of specialty credit reports and services to the automotive industry. Additionally, First Advantage CREDCO provides the automotive industry with comprehensive identity verification and consumer lead solutions.
First Advantage Corporation (NASDAQ: FADV) provides innovative products and services that mitigate risk by helping businesses, non-profit organizations and government agencies make more informed decisions. Headquartered in Poway, CA, the company has more than 4,500 employees in 12 countries that support over 90,000 clients globally.
For more information, please contact David Woodruff at 619.938.6809 or e-mail david.woodruff@FADV.com.