With the Federal Trade Commission’s Safeguards Rule deadline now passed and various proposed rules affecting the auto industry currently being discussed, independent auto dealers will get a rare opportunity to hear straight from members of three federal agencies during the NIADA Accelerate 2023 Convention and Expo starting today.
Representatives from the Federal Trade Commission (FTC), Consumer Finance Protection Bureau (CFPB) and Internal Revenue Service (IRS) will hold sessions during the event at the Wynn in Las Vegas.
Dan Dwyer, an attorney in the Division of Financial Practices at the Federal Trade Commission will hold two sessions, 2:15 p.m. Wednesday, June 21, and 10 a.m. Thursday, June 22. Dwyer, who has worked on a variety of consumer credit and financial services issues, including debt collection, mortgage advertising and automobile sales and financing, will be available to address questions on the Safeguards Rule and other rules affecting the industry.
Chris Kukla, Senior Program Manager for Auto Finance at the CFPB, will be discussing trends of note in the auto finance market and holding a question-and-answer session about the agency. The federal agency develops and enforces rules for the consumer finance market. The CFPB sessions with Kukla are 3:15 p.m. Wednesday, June 21 and 9 a.m. Thursday, June 22.
Richard Furlong, Communication & Liason Dvision, Senior Stakeholder Liaison at the IRS, will be addressing questions about tax requirements for the motor vehicle industry and providing the latest details on the most recent changes from the IRS during a single session at 2:45 p.m. Thursday, June 22.
This is your opportunity to get accurate, first-hand information on compliance from three federal agencies, as part of four days of learning, including 77 education sessions to provide helpful information for everyone from rookies to industry veterans.
