Category Archives: Automotive

New Federal Trade Commission’s Safeguards Rule is a Game-Changer for Extended Warranty and GAP Waiver Industries

By Brian T. Casey, Theodore P. Augustinos and Alexander R. Cox

The Federal Trade Commission (“FTC”) has recently supercharged the Gramm-Leach-Bliley Act’s Safeguards Rule for financial institutions under its jurisdiction. The Safeguards Ruleimposes data security standards for consumer nonpublic person information obtained and created by financial institutions subject to the FTC’s Gramm-Leach-Bliley Act jurisdiction. The FTC finalized its proposed update to the Safeguards Rule on October 28, 2021, which was originally published for rule-making in March 2019 and then further developed during an FTC workshop in July 2020. After a lengthy gestation period, the new revised rule became effective January 10, 2022, and requires compliance by December 9, 2022.

This is only a very small extract of this article regarding this important topic.

The Full Article is available at: https://warrantynews.com/wp-content/uploads/2022/09/ARTICLE_New-Federal-Trade-Commissions-Safeguards-Rule-7-2022.pdf

Optimizing Quality Management Between Stakeholders To Reduce Warranty Risk and Costs: An Interview with Jason Payne, Founder, JPSI

The MAPconnected Vehicle Service and Warranty Lifecycle Summit 2022 is approaching. A collaborative conversation, led by some of the most brilliant minds in the industry, will be hosted at the Westin Southfield Detroit on the 25th – 26th of October. We had the opportunity to sit down with Jason Payne, Founder and Chief Intelligence Officer at JP Strategy and Intelligence. 

Full Article: https://www.mapconnected.com/optimizing-quality-management-between-stakeholders-to-reduce-warranty-risk-and-costs-jason-payne-jpsi/

Designing, Selling and Marketing F&I Products & Services for Electric Vehicles

MAPconnected’s latest free webinar offers a sneak peek to some of the topics to be covered in greater detail during the Electric Vehicle & Financial Products Tracks at the Vehicle Service & Warranty Lifecycle Summit October 25-26. 

LIVE WEBINAR 9/22: Designing, Selling and Marketing F&I Products & Services for Electric Vehicles

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Vehicle Service & Warranty Lifecycle Summit

THE VEHICLE SERVICE & WARRANTY LIFECYCLE SUMMIT IS THE MUST ATTEND ANNUAL GATHERING FOR ALL WARRANTY AND AFTERCARE STAKEHOLDERS

Oct 25-26 at the Westin Southfield Detroit

MAPconnected’s Summit unites the Warranty & Aftercare Value Chain and sets the standard on how the industry should connect and exchange ideas to decrease costs, drive customer satisfaction and ensure continuous improvement.

Network with over 150 of your peers, engage with leading tech expo innovators that create seamless ecosystems and come away with the right tools to acquire, analyze and integrate data that will streamline and strengthen your warranty lifecycle roadmap.

Full Details: https://www.mapconnected.com/

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FTC rejects requests from NADA, others for more time to comment on car dealer rules

The Federal Trade Commission rejected request by the National Automobile Dealers Association, National Association of Minority Automobile Dealers and American International Automobile Dealers Association for more time to comment on the agency’s proposed rules on their industry’s advertising and F&I practices.

Full Article: https://www.autonews.com/finance-insurance/ftc-rejects-requests-nada-others-more-time-comment-car-dealer-rules

Safe-Guard Products International Announces A New Branded Automotive Protection Relationship With GM Protection

Atlanta, GA August 22, 2022 – GM Protections, LLC (“GM”), a subsidiary of GM Financial has selected Safe-Guard Products International, LLC, the leading provider of branded protection products for the automotive, RV, marine and powersports industries, as they work together to provide an enhanced, complete added protection solution for Chevrolet, Buick, GMC and Cadillac dealers.

Full Release: https://www.safe-guardproducts.com/about-safe-guard/news/safe-guard-products-international-announces-a-new-branded-automotive-protection-relationship-with-gm-protection/

13th Annual Extended Warranty & Service Contract Innovations

This year’s all-new agenda takes a deep dive into new frontiers in extended warranty and service contract innovations!

Event Highlights Include:

  • 30+ Top-flight speakers crossing multiple industries including auto, appliance, mobile, electronics, home, heavy equipment, and more
  • Unmatched learning opportunities acknowledged as the best for all industries
  • In-depth case studies, provocative panel debates, and quick sound-bite industry insight sessions to give you all you need to understand the leading issues in extended warranty/service contracts today
  • 4 industry-specific interactive networking roundtables

Comprehensive coverage of the full spectrum of your extended warranty & service contract business includes: Customer Service, New Product Development, Disruptive Technology, Marketing & Sales, Legal & Regulatory, Finance & Insurance.

For more information and to register: https://www.warrantyinnovations.com/index.php