The Federal Trade Commission's updated Safeguards Rule took effect last month. Dealerships and other financial institutions will need to comply with its major provisions by Dec. 9. The new rule addresses topics similar to the old version, but it removes some of the ambiguity of the original.
Under the amended Safeguards Rule, which is mandated by Congress under the Gramm-Leach-Bliley Act, dealerships will be expected to:
For more information visit this article on Automotive News: https://www.autonews.com/finance-insurance/dealerships-other-financial-institutions-must-reach-full-compliance-ftc.
The Cook County Sheriff's office has developed a consent form for dealers and vehicle buyers that will allow law enforcement to access data location information for the described vehicle from the relevant car company if the car has been unlawfully taken and such information is available. Swift access to such information can help law enforcement recover the vehicle.
Cook County Sheriff Thomas J. Dart announced legislation requiring auto manufacturers to create a 24/7 recovery hotline to help law enforcement quickly track stolen vehicles. The inability for law enforcement to access tracking information in real time after a carjacking makes it difficult to catch offenders and prevent the vehicle from being used in additional crimes. Currently, each auto manufacturer has their own process for obtaining such existing information, often causing unnecessary delays. Under the legislation, law enforcement can obtain this information, if the owner consents, when a vehicle has been carjacked or is being used in the commission of other violent crimes.
For more information, please visit https://suburbanchicagoland.com/2022/04/06/sheriff-dart-announces-anti-carjacking-legislation/.
The consent form and safety tips are available on the Sheriff’s Office website. Click here for the form: https://www.cookcountysheriff.org/departments/c-c-s-p-d/carjacking/.
The Chicago Automobile Trade Association (CATA) has selected Vitu as its endorsed Electronic Registration and Title (ERT) partner for the association’s more than 400 franchised, new-car dealer members in the Chicagoland area. Vitu’s innovative ERT platform provides a best-in-class in-state and out-of-state titling and registration solution combined with its award-winning customer service.
"We took great care in selecting Vitu as CATA’s preferred ERT solution partner. Following an evaluation of all providers in the market, it became clear why an increasing number of our dealers are choosing Vitu’s innovative technology and comprehensive dealer support system," said Kevin Keefe, CATA chairman. "Vitu's commitment to serving dealers' interests will take this partnership to a new level as we work together to continuously improve the Vitu platform and ancillary services and also introduce new title and registration training opportunities for our dealers."
Vitu pioneered an advanced vehicle registration solution, focused on streamlining operations between the Illinois Secretary of State (SOS), Illinois Department of Revenue (IDOR) and dealerships. Accomplishing this kind of industry-wide change required an in-depth understanding of the needs of each stakeholder, as well as a thorough knowledge of tax, titling and registration regulations. Recent rapid gains in market share prove that Vitu’s inclusive approach is right on target.
"One of Vitu's core beliefs is that a deep partnership with every stakeholder – from the dealers to our association partners to the SOS/IDOR – is crucial to the overall success of the program. We are grateful to enter into a partnership with an organization that carries the same values. Vitu and CATA both believe in excellence in every part of the ecosystem," said Joe Nemelka, chief operations officer/EVP at Vitu. "In partnering with CATA, we look forward to leveraging our combined skills to strengthen the public/private partnership model and support Chicagoland dealers with innovations that create efficiencies throughout the dealership."
For more information about the partnership with ViTu contact Dave Sloan at (630) 424-6055 or dsloan@drivechicago.com.
To arrange for a sale presentation contact Randy Skolnick, Senior Sales Representative VITU-Illinois, at (818) 299-3269 or rskolnick@vitu.com.
On Tuesday, March 29, the CATA hosted a seminar focusing on recent vehicle thefts at new-car dealerships. Presenting were Karianne Thomas, Director of Security for the Zeigler Auto Group; Joshua Mailey, President and Security Consultant for Signal 88 Security; Adam Broshous, Lieutenant Illinois Secretary of State Police and Deputy Director Illinois Statewide Auto Theft Task Force; and Roe Conn, Senior Project Manager for the Cook County Sheriff’s office.
The panel discussed the recent spike in vehicle thefts from new-car dealerships, efforts that can be made to reduce thefts and what to do if a theft happens at your dealership. The CATA recorded the seminar, but because of the sensitive topics discussed, it will only be available to members upon request. Requests for the video and presentations can be made to Mark Bilek, Senior Director of Communications & Technology at the CATA.
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