Regulatory compliance should top every dealer's mind, to-do list

Principal Eric Chase was quoted in the Auto Remarketing article, "Regulatory compliance should top every dealer’s mind, to-do list" by Arlena Sawyers on May 14, 2018.  

The article discusses the importance of regulatory compliance for auto dealers' businesses. This includes issues such as advertising compliance, data and cybersecurity and making sure consumers know or can find out when the vehicle they purchase has an open recall.

Eric Chase, a dealer attorney with Bressler, Amery & Ross, in Florham Park, N.J., said dealers need to have one or more cyber experts on hand who know how to protect personal information — such as bank account information and social security numbers collected from customers and employees — from cyber crooks and high-tech hackers.

He said cyber issues are always “hot topics” at the National Association of Dealer Counsel conferences, with which he is involved and is composed mostly of attorneys that represent dealers.

“This is a top issue for dealers, and they’d better be watching out for all the problems that can happen, because if they don’t, it’s at their peril,” said Chase.

“We’ve seen instances where people go online and purchase cars, and they’re all phony.”

To read the entire article on the Auto Remarketing website, please click here.