MINNEAPOLIS – Wolters Kluwer Financial Services announced that it has been added to the Illinois Independent Automobile Dealers Association’s (IL-IADA) list of Preferred Providers.
Through this new relationship, the IL-IADA has endorsed Wolters Kluwer Financial Services’ Indirect Lending business and supports the use of the company’s motor vehicle retail sales installment contracts, privacy disclosures and Red Flags Tool Kit among its members.
Wolters Kluwer Financial Services’ Bankers Systems® contracts and documents include retail installment contracts to support the financing of motor vehicles, as well as all of the necessary disclosure and ancillary documents to complete the transaction, including privacy disclosures. These contracts are protected by the company’s limited compliance warranty and are maintained by Wolters Kluwer Financial Services’ compliance experts who monitor federal and state legislative and regulatory changes affecting the auto finance industry in all U.S. jurisdictions.
The company’s Red Flags Tool Kit provides dealers with guidance and information resources necessary to implement an identity theft protection plan. This includes checklists, printable forms and templates that help record and report Red Flags according to Federal Trade Commission (FTC) requirements.
“One of our organization’s main goals is helping independent dealers in Illinois navigate the regulatory environment so they can devote as much time as possible to serving their customers and growing their business,” said Bruce Eklund, executive director of the IL-IADA. “Wolters Kluwer Financial Services helps strengthen this effort through compliance documentation and customizable tools that help dealers mitigate risk.”
“We are very excited to work with the IL-IADA to support Illinois’ independent dealer community and help more dealerships alleviate regulatory compliance challenges,” said Jason Marx, vice president and general manager of Indirect Lending and Residential Lending at Wolters Kluwer Financial Services.
For more information, visit www.il-iada.org or www.wolterskluwerfs.com/indirect.
About Wolters Kluwer Financial Services
Whether complying with regulatory requirements, addressing a single key risk, or working toward a holistic risk management strategy, more than 15,000 customers worldwide count on Wolters Kluwer Financial Services for a comprehensive and dynamic view of risk management and compliance. Wolters Kluwer Financial Services provides audit, risk and compliance solutions that help financial organizations improve efficiency and effectiveness across their enterprise. With more than 30 offices in over 20 countries, the company’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2011) €3.4 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website for more information.
About the Illinois Independent Automobile Dealers Association (IL-IADA)
The Illinois Independent Automobile Dealers Association (IL-IADA) was organized in 1965 in Rockton, Illinois and is currently headquartered in Rockford, Illinois. The Illinois association represents more than 3,330 licensed independent automobile and truck dealers in Illinois. Our mission is to maintain a strong state legislative presence protecting independent automobile dealers from unnecessary legislation and rule making, and promoting legislation which enhances the ability of independent automobile dealers to serve the public fairly and honestly and still maintain a fair profit. For more information, visit www.il-iada.org.
