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Former Regulator Joins Midwest Compliance Summit

March 25, 2015

CHICAGO — Organizers of Compliance Summit, a series of regional events dedicated to front-end compliance, have announced that attorney and compliance expert Terry O’Loughlin has joined the Midwest event, which will be held April 20–21, 2015, at the DoubleTree Chicago O’Hare in Rosemont, Ill.

“Terry’s reputation as a dealer advocate and thought leader in the compliance space is without parallel,” said David Gesualdo, publisher of Auto Dealer Monthly and F&I and Showroom magazines. “His strategies for dealers are rooted in battles he has fought on both sides of the industry.”

O’Loughlin, who serves as director of compliance for Reynolds and Reynolds, has stood at the front lines of front-end compliance issues for the past several decades, including a16-year tenure with the Florida attorney general’s office, where he worked with state and federal regulators to police dealers and auto finance companies. Since joining the private sector, he has worked with dealers and auto groups to decipher new rules and respond to actions and inquiries related to unfair and deceptive practices, document fraud and false or misleading advertising.

“To paraphrase the Bible, there is really nothing much new under the sun. For the most part, this is generally true of the regulating community,” O’Loughlin said. “Old laws and new laws can be addressed with the same thoughtful approach because regulators’ motives and tools remain the same. Dealers should have an orderly protocol to stay abreast of the compliance landscape and consistently respond to it. But the response needs to be tailored to the real challenges.”

O’Loughlin’s presentation, “Regulations: Where Past is Prologue,” will begin at 9:35 a.m. on Tuesday, April 21, following a welcome address by Chicago native and agency head Randy Crisorio. The Rules and Regulations portion of the agenda will begin with O’Loughlin’s presentation and continue with a panel session dedicated to the topic. Rules and Regulations will be followed by Your Responsibilities, Easy-to-Implement Processes and Controls and Is This Compliant?

Further details, including the full agenda and information about registration and accommodations, will be available in the coming weeks. For sponsorship and exhibition opportunities, contact Eric Gesualdo via email or call 727-612-8826.

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