Learning Management System (LMS)

Get the required training your dealership needs to remain compliant with every transaction and avoid costly fines

New FTC Safeguard Rules | Comply by June 2023 | Learn More

Can you afford to pay penalties for non-compliance?

Dealers are fined millions of dollars every year for not following the proper government regulations around the accessing and handling of customer’s sensitive credit data.

As the largest reseller of credit reports from all three bureaus – Experian, Equifax and TransUnion – 700Credit has always strived to provide a comprehensive and automated compliance solutions to keep you compliant with every credit report pulled.

To further our efforts in providing the best compliance and risk mitigation services to our clients, we are pleased to introduce our new web-based, self-paced LMS which will provide the required training your dealership needs to remain compliant with every transaction and avoid costly fines.

Is your dealership prepared for the FTC Safeguards Rule update?

View this recorded webinar to learn how to prepare your dealership.

Learn more about the requirements

Watch Now

The LMS training platform includes the

following 8 modules:

Adverse Action

This course helps to identify when information in a consumer report results in an adverse action and requires a proper notice to be provided to the customer as required by the Fair Credit Reporting Act (FCRA) and Equal Credit Opportunity Act (ECOA).

IRS Rule 8300

This course helps identify which transactions are considered cash transactions that require submission of an IRS Form 8300.

Paper Flow

This course reviews the importance and necessity of properly handing and retaining paperwork as required by GLB and the FTC Safeguards and Disposal Rules.

Privacy, Safeguards & Disposal

The goal of this course is to provide you with enough information so that you will know how to protect customers’ non-public information (NPI) as required by the Gramm-Leach-Bliley Act (GLB).

Red Flags Rule

This course helps dealership employees identify the red flags of identity theft and fraud, and to help prevent fraudulent conduct.

Risk Based Pricing Rule

This course describes the risk-based pricing rule and best practices you need to follow at your dealership to comply.

UDAAP

Unfair, Deceptive, or Abusive Acts or Practices (UDAAP)

This course provides information on avoiding acts and practices that can be unfair, deceptive, or abusive – and illegal.

OFAC

This course will help your dealership comply with the Office of Foreign Asset Controls (OFAC) requirement that car dealers check customer names against a database of known dangerous organizations and individuals.

This LMS meets the guidelines set forth by the 3 major credit bureaus on the rules and regulations all business must follow when pulling a credit report and is required for every dealership that uses our credit report solution.

Additional Compliance Training Courses

In partnership with ComplyNet, 700Credit is offering dealerships additional training courses that cover other areas
of compliance that are useful for their business. Please contact us for course pricing information.

Baseline Privacy and Safeguards Courses	Guided Compliance Assistant Privacy and Safeguards	Guided Compliance Assistant Sales, Finance & Advertising Courses	Guided Compliance Assistant Environmental, Health & Safety Courses
All Baseline Learnings & Training Courses Safeguards Disposal Privacy for the Shop General Cyber Security Awareness Phishing PCI	All Baseline Learnings & Training Courses Privacy, Safeguards, and Disposal related Baseline Assessment Questionnaires (BAQs for location) compliance champion Privacy, Safeguards and Disposal related Self-Assessment Questionnaires (SAQs) for all employees Simulated Phishing Attacks Written Risk Assessment Written Information Security Plan Written Incident Response Plan Quarterly Meetings Annual Report	All Baseline Learnings & Training Courses CAN-SPAM Cooling-Off Period Co-Signor Notice and Late Fees Disparate Pricing Disposal Rule Do Not Call Ethics ECOA Reg B FCRA Financial Privacy Rule First Payment Pencil Quotes Fraud Alerts GAP Holder in Due Course Rule Non Public Information Regulation M Regulation Z Safeguards Rule Used Car Rule Vehicle Insurance	Hazard Communication General Safety Lift Safety Safe Driver Bloodborne Pathogens DOT Hazardous Material DOT HazMat for Haz Waste & Disposal Spill Prevention Countermeasure and Containment Forklift Operation

Additional courses include:

An assigned compliance consultant to guide the sales and finance departments to a culture of compliance
On-demand access to compliance consultants for compliance-related questions
A cloud-based compliance management system
Online assessments
Written policies and procedures
Virtual compliance meetings hosted by a compliance consultant

What our Customers are Saying

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I am very pleased with 700Credit’s new LMS. The system is very easy to access and even easier to navigate through. The videos are nice and short, but very informative as well. I learned a lot while taking these short courses. I will be taking this newly learned information and implementing it at our dealership. I would recommend everyone take these short compliance-based courses to either refresh themselves or learn more regarding your compliance.

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5

Aleesha Knopic

Finance Manager

Carolina RV

Ready to get control of compliance?

700Credit stands ready to help your dealership succeed. Fill out our questionnaire and a member of our team will reach out to you shortly.

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I really like the new compliance-based learning management system that 700Credit provides us at the dealership. The courses provide a lot of valuable information that was new to me at the dealership. I will start to incorporate all the newly learned best practices into our current compliance practices. It is also great that I can always retake and refresh myself throughout the year. I strongly recommend this for all dealerships.

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5

Meagan Jensen

Finance Manager

Young Powersports Centerville

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