Verifying a customer’s identity in digital vehicle sales is a leading fraud issue for dealerships during the COVID-19 pandemic. Notary services are one option dealerships have at their disposal to confirm an identity outside the dealership, and experts say these services are increasingly performed virtually. For most dealerships, there is …
Read More »The National Automobile Dealers Association submitted renewed objections to the Federal Trade Commission’s proposed Safeguards Rule amendments, which beef up requirements for financial institutions to protect consumer data. In a periodic review of its data protection guidelines, the federal watchdog proposed in March 2019 several amendments governing what steps financial …
Read More »Illustration By Christian RoblesCar and Driver More of Car and Driver‘s Greatest of All Time package, which appears in July’s issue. If you’re like us, you’ve found yourself talking about cars at a dinner party, on a date, or with your airplane seatmate—those were the days—when slowly you realize your …
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F&I product and reinsurance provider Portfolio Holdings has agreed to acquire competitor National Automotive Experts/NWAN. Combined, the company will rank among the top 10 largest F&I product providers in the nation, executives said. The acquisition continues an ongoing trend of F&I product company consolidation. Portfolio CEO Brent Griggs said the …
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