Dealer Policy Manual Included
Safeguards
The FTC Safeguards Rule requires businesses to implement measures protecting customer information, ensuring data security, confidentiality, and compliance.
Disaster Recovery
A disaster recovery plan ensures business continuity, protects data, minimizes downtime, and enables swift recovery from unexpected disruptions or emergencies.
Regulation B
FTC Regulation B prohibits credit discrimination, ensuring fair lending practices by safeguarding equal access to credit regardless of protected characteristics.
Regulation Z
Regulation Z, under the Truth in Lending Act, ensures transparent credit terms, protecting consumers through standardized disclosure of borrowing costs.
Internal Policies
Dealers must implement internal policies such as employee conduct, TRP policies, records retention, personal device policy, clean desk policy, etc.
Click For Sample Policy
This is an example of a policy from what would be your policy manual. All policy manuals are customized for each of our subscriber dealers. We will also write additional policies as needed for your dealership. This is all included in the $100/month subscription price.
You can store and access your policies from anywhere, including in a protected workdrive provided to you at no additional cost.
Policy Manual Overview
Introduction
This section provides a comprehensive introduction to the policy manual, outlining its purpose and scope.
Understanding the importance of compliance in today’s business environment.
Overview of key compliance areas covered in this manual.
How to use this manual effectively for your organization.
Contact information for further assistance and inquiries.
Data Protection
Guidelines on safeguarding customer information in compliance with FTC regulations.
Steps to implement robust data security measures.
Confidentiality protocols to protect sensitive data.
Regular audits and assessments to ensure data integrity.
Training programs for employees on data protection policies.
Disaster Recovery
Components of an effective disaster recovery plan.
Strategies to minimize downtime during emergencies.
Ensuring business continuity through proactive planning.
Recovery procedures for different types of disruptions.
Regular testing and updates of recovery plans.
Fair Lending Practices
Understanding FTC Regulation B and its implications.
Ensuring non-discriminatory credit practices.
Implementing fair lending policies across the organization.
Training staff on compliance with Regulation B.
Monitoring and reporting mechanisms for compliance.
Transparent Credit Terms
Overview of Regulation Z and its requirements.
Ensuring clear and transparent disclosure of credit terms.
Standardizing borrowing cost disclosures for consumers.
Training programs for staff on Regulation Z compliance.
Regular reviews and updates of credit policies.
Internal Policies
Developing comprehensive internal policies for compliance.
Employee conduct guidelines and expectations.
Records retention policies and procedures.
Personal device and clean desk policies.
Regular policy reviews and updates to ensure relevance.
FTC UDAP Policies
Recent action by the AG and FTC gives laser focus on compliance.
Common dealer conduct under the microscope.
Dealers need to revise their policies immediately to avoid million dollar judgements.
Express informed consent policies must be defined and followed.
Ensuring periodic auditing of UDAP policies.
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dave@dealercomply360.com
