Compli Releases "Red Flags" Content for Dealers in Collaboration with Hudson Cook LLP.PORTLAND, Ore. -- In the continuing effort to assist auto dealerships nationwide in building and enhancing their compliance practices, Compli[R], in collaboration with Hudson Cook LLP LLP - Lower Layer Protocol , is pleased to announce the release of the new "Red Flags" Compliance Program which is available free of charge to clients of Compli's Dealership Compliance Management System (DCMS (Digital Content Management System) See DAMS. ). Compli's DCMS reduces the growing regulatory burden on dealership operations. The DCMS is a compliance automation solution that combines automotive legal content from subject matter experts like Hudson Cook LLP with automated best practices to create turn-key "good faith" compliance programs for automotive dealerships. The new "Red Flags" program specifically addresses the content and training requirements associated with "Red Flags" compliance for dealerships. Dealers have traditionally relied upon disparate manual processes to verify a client's identity. However, with expanded Federal rules and guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. specific to identity verification Noun 1. identity verification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or and ID theft prevention, car dealers are required to implement an Identity Theft Prevention Program that identifies and addresses "Red Flags," which are patterns, practices or specific activities that indicate the possible existence of identity theft. "Red Flags" dealers should consider may arise from their own experiences with identity theft, as well as the 26 examples of red flags described in the new rule. Because of the subjectivity involved in implementing an effective Identity Theft Prevention Program, there is a need for comprehensive and continuous training beyond that which dealers have historically undertaken. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the new "Red Flag" rules, dealers must put new processes in place that identify patterns, practices, and credit activity that suggest the existence of identity theft. These "Red Flags" are intended for use as part of a dealer-specific, identity theft detection, prevention, and mitigation program. Compli's New "Red Flags" Program consists of: * "Red Flags" Program Overview * "Red Flag Rules" Policy * "Red Flags" Internal Audit Form * "Red Flag Rules" Interactive Assessment * Legal Article: "Red Flag Warning A Red Flag Warning is a forecast warning issued by the United States National Weather Service to tell area firefighting and land management agencies that conditions are ideal for wildland fire ignition and propagation. " by Michael Benoit of Hudson Cook LLP * Online Link Library with "Red Flag" online resources "The new Red Flags rule is just another example of the increased regulatory burden being imposed on auto dealers. The objectives are sound, but new requirements like these are increasing the need for dealers to reconsider their operational compliance structure, as well as their training and support functions. In working with Compli on this new "Red Flags" program, our goal is to provide pertinent and relevant information to help U.S. dealerships better understand their "Red Flag" rules obligations so they can take the steps necessary to implement effective compliance standards in their dealerships," said Michael Benoit of Hudson Cook LLP. To gain further information join Compli and Michael Benoit of Hudson Cook LLP for the Feb 27th complimentary Webinar: "Red Flag Rules: the Devil is in the Details." Listen as Michael Benoit drills down into the specific details of the 26 different Red Flags identified by the FTC FTC See Federal Trade Commission (FTC). . Reserve your seat at: https://www1.gotomeeting.com/register/280809328. 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. 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 This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
n a drug or other substance that serves a supplemental purpose in therapy. adjunct to the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. or general business or banking law practice. At Hudson Cook, consumer financial services law is what we do. For more information contact Michael Benoit, Partner, Hudson Cook LLP, mbenoit@hudco.com or call 202-327-9705, www.hudco.com. About Compli Compli, the leading provider of on-demand compliance management software for U.S. automotive dealerships, is headquartered in Portland, Ore., with regional offices in California, Texas, Massachusetts, Ohio and Florida. Dealerships interested in assessing their current level of regulatory compliance may receive a free, online Dealership Compliance Assessment (DCA (1) (Document Content Architecture) IBM file formats for text documents. DCA/RFT (Revisable-Form Text) is the primary format and can be edited. DCA/FFT (Final-Form Text) has been formatted for a particular output device and cannot be changed. ) at www.compli.com/rf/. For more information on the Compli DCMS or to arrange a product demonstration visit www.compli.com or call 1-866-294-5545 toll free. Compli is a registered trademark of Compli. All other legal marks are the property of their respective owners. |
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