Dealers who ignore the so called “Red Flag Rules” under the fair and accurate transactions act (FACTA) might just as well waive a red flag in front of the nearest angry bull” (Compliance: No Need to See Red, Nov. 1, by Peter A. Salians, Dealer Business Journal).

For those who have been hibernating, or selectively procrastinating, November 1, 2008 quickly approaches. On November 1, 2008, the Federal Government expects your dealership to be compliant with the red flag rules; NOT GETTING AROUND TO DOING SOMETHING ABOUT IT.

Automotive Compliance Consultants (ACC) is the largest and most established strictly automotive consulting group in the industry. ACC was founded in 2003 by Terry Dortch, who brought with him 25 years experience in all aspects of the retail automotive business, and attorney David R. Missimer who has 20 plus years experience in representing automobile dealerships and financial institutions in a number of areas including financial compliance.