Category Archives: Uncategorized

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

NATIONAL AUTO CARE ACQUIRES FROST FINANCIAL SERVICES

FOR IMMEDIATE RELEASE

(PONTE VEDRA BEACH, Florida, March 2022) – Courtney Hoffman, Senior VP of Mergers & Acquisitions of National Auto Care (NAC), and Jim Tenhundfeld and Phil Markwell, principals of Frost Financial Services (Frost), today announced that NAC has acquired the assets of Frost. This represents the first acquisition NAC has completed with a business focused on distributing F&I products through the credit union, community bank and other financial services institutions market.

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Strengthening Your Roadmap in a Customer-First Connected World

The vehicle industry has undergone dramatic changes due to sweeping disruptions and changing consumer behavior which have accelerated companies to revisit their processes. Don’t miss this powerful gathering of recognized vehicle OEMs, parts and equipment suppliers, their retailers, dealers, distributors, logistics and services providers collaborating to improve and innovate their warranty and aftercare end-to-end experiences to stay one step ahead of the curve.

Get your tickets before July 31st to save your spot (and some money).
Prices will never be this low! Buy Early Bird Tickets Before July 31st

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

Automating GAP Claims Webinar with PCMI Corporation

Sep 24, 2020 11:00 AM in Central Time

Guest speaker Lori Arce joins us to share JM&A Group‘s experience as an Innovation Partner implementing our new GAP Claim Consumer and Lender Portal. Register to learn about this powerful add-on as we run through its exciting features, including:

✔️ Consumer self-registration
✔️ 24/7 claim initiation
✔️ Mobile document upload
✔️ Automatic claim status updates

Registration and more information: https://us02web.zoom.us/webinar/register/4015997512568/WN_8redCa0YSHuzNEL54RtUng

ProGuard Warranty Signs Agreement with PCMI to Automate and Enhance Vehicle Service Contracts through PCRS

Implementation of the PCRS software platform will give ProGuard Warranty the competitive edge by streamlining entire operation.

PARK RIDGE, Illinois – June 18, 2019 – ProGuard Warranty has partnered with PCMI Corporation to license and implement PCMI’s Policy Claim and Reporting Solutions™ (PCRS) platform. The PCRS modular system automates the administration of F&I Products, Extended Warranties, Service Contracts, and all aftermarket products.

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Universal Lenders, creator of the ZERO Plan, wins the Dealers’ Choice Diamond Award for Best F&I Product Financing Company

PRESS RELEASE

For Immediate Release: June 24, 2019

Oak Park, IL – The ZERO Plan by Universal Lenders has been awarded top honors taking the diamond award in the 2019 Dealers’ Choice Awards for best F&I Financing company voted on by auto dealers nationwide.

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