FTC Safeguards Rule: What Your Business Needs to Know

From the Federal Trade Commission… As the name suggests, the purpose of the Federal Trade Commission’s Standards for Safeguarding Customer Information – the Safeguards Rule, for short – is to ensure that entities covered by the Rule maintain safeguards to protect the security of customer information. The Safeguards Rule took effect in 2003, but after public comment, the…

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Fingerprinting Requirement For GDN & Franchised Dealer License Applicants Coming Soon

From Monique Johnston – Director, Motor Vehicle Division… At the June 30, 2022 meeting, the Board of the Texas Department of Motor Vehicles adopted rules requiring certain new applicants and existing dealer license holders to be fingerprinted (43 Tex. Admin. Code § 211.6). Applications submitted on or after September 1, 2022, will be subject to…

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A Note from TMDA Treasurer Trey Sralla

It’s very easy to get caught up in national politics and what the Republicans and Democrats are saying about each other. Networks like Fox News, MSNBC and CNN have made a FORTUNE over the years feeding the public the mud that is constantly being slung in either direction. The fact of the matter is, no matter…

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Mark Sheffield: Dealers Should Know Their Ground Truth

Normally you see a problem coming at you, but COVID-19 swooped in from the periphery and it’s catching many dealers unprepared. Scientists have long predicted a global pandemic, but like most other agencies, they had to make do with the funding they were given. There’s only so much money to go around. Mixed messaging from…

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Alert: New Scam Tactic

A new scam to be aware of from the Missouri Automobile Dealers Association… FROM: Doug Smith, President The scenario is this: A customer, who has a vehicle in a Missouri Dealer’s body shop, is contacted by a third party claiming to work for the dealer. The customer is told the vehicle repair is near completion,…

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