Details
November 14, 2017
11:00AM - 12:00PM
OFAC and Red Flags After the Equifax Breach
Are You Protected?
OADA Webinar
The recent breach of Equifax comprised 143 million U.S. consumers' personal information. This raises the stakes in preventing identity theft at your dealership and will require increased diligence on verifying customer identities as criminals purchase the compromised information and attempt to use it to finance vehicles.
Does your dealership have the proper procedures in place? Are you doing enough? Please join OADA as we welcome Randy Henrick of Randy Henrick & Associates, to explore this topic, and provide valuable guidance to our members. Randy will discuss the Equifax breach and steps you need to take to make sure your dealership is not a victim of identity theft in connection with the sale and financing of a motor vehicle. Randy will also review recent OFAC penalties assessed against companies that do business with persons on the OFAC "bad guys" list. Penalties are increasing, dealers take the hit on sales to identity thieves, and the situation has become more complex. Get the strategies you need in order to respond. Join us on November 14!
Randy Henrick is an expert in consumer financial services, bank regulations, compliance and as a privacy/data security attorney. He has industry expertise in auto financing, open and closed-end credit, banking regulations, and credit reporting issues. Randy has written eleven annual auto dealer compliance guide desk books for Dealertrack, Inc. and has also published articles and has spoken before industry and trade associations on privacy, data security and identity theft. Randy has recently co-authored the second edition of AUTO DEALER LAW, a comprehensive text book of laws and regulations affecting all aspects of acquiring and managing auto dealers.
There is a $20 connection fee for OADA members. Non-members will pay a $50 connection fee. Register today!
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11/14/2017 11:00 AM
11/14/2017 12:00 PM
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OFAC and Red Flags After the Equifax Breach
Register Here!
The recent breach of Equifax comprised 143 million U.S. consumers' personal information. This raises the stakes in preventing identity theft at your dealership and will require increased diligence on verifying customer identities as criminals purchase the compromised information and attempt to use it to finance vehicles.
Does your dealership have the proper procedures in place? Are you doing enough? Please join OADA as we welcome Randy Henrick of Randy Henrick & Associates, to explore this topic, and provide valuable guidance to our members. Randy will discuss the Equifax breach and steps you need to take to make sure your dealership is not a victim of identity theft in connection with the sale and financing of a motor vehicle. Randy will also review recent OFAC penalties assessed against companies that do business with persons on the OFAC "bad guys" list. Penalties are increasing, dealers take the hit on sales to identity thieves, and the situation has become more complex. Get the strategies you need in order to respond. Join us on November 14!
Randy Henrick is an expert in consumer financial services, bank regulations, compliance and as a privacy/data security attorney. He has industry expertise in auto financing, open and closed-end credit, banking regulations, and credit reporting issues. Randy has written eleven annual auto dealer compliance guide desk books for Dealertrack, Inc. and has also published articles and has spoken before industry and trade associations on privacy, data security and identity theft. Randy has recently co-authored the second edition of AUTO DEALER LAW, a comprehensive text book of laws and regulations affecting all aspects of acquiring and managing auto dealers.
There is a $20 connection fee for OADA members. Non-members will pay a $50 connection fee. Register today!
OADA Webinar
