In this episode of Up to Speed, Baker Tilly’s Mike Mader, principal with the dealership team, and Matt Gilbert, principal with the risk advisory team, provide an update and guidance on the FTC Safeguards Rule impacting dealerships, including:
- Dealerships must comply with the new requirements by June 9, 2023
- How dealerships are implementing new processes
- Preparing for ongoing, annual compliance
- Challenges that dealerships have had to address
- Positive outcomes of implementation
- What to do and expect if you’re not yet compliant