Tag Archives: Myril Shaw

Compliance matters – maybe now more than ever

Myril Shaw Dealer Profit Services

By Myril Shaw The Senate recently narrowly approved President Biden's pick, Rohit Chopra, to run the Consumer Financial Protection Bureau. News outlets say the confirmation gives the bureau a director who is likely to embrace an aggressive "watchdog" role as a consumer advocate, and one who favors stiff penalties for bad actors such as predatory lenders. Like it or not, ...

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MRAA, Dealer Profit Services release ‘Guide to Creating a Compliance Process’

The Marine Retailers Association of the Americas, in partnership with Dealer Profit Services, recently launched a new resource for dealers looking to create a compliance process. The “Guide to Creating a Compliance Process” is a 30-plus page publication to ensure that marine retailers have the information, tools and processes in place to protect their businesses, team and customers. “While we ...

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The Power of 20

Myril Shaw Dealer Profit Services

By Myril Shaw As a provider of F&I and Compliance excellence, we are always looking to make the best better. As part of that quest for continual improvement, we get excited when we find dealers who are hungry for growth. We find them most often in 20 Groups. Full disclosure here before we go any further. We do not facilitate 20 Groups.  ...

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Compliance isn’t just the law; it’s good customer service

Boating Industry Webinar logo

Recording AvailableHow to make compliance a “gold standard” in today’s environment WATCH THE RECORDING The recording for "How to make compliance a 'gold standard' at your dealership is now available to watch.Dealer Profit Services COO Myril Shaw runs through the laundry list of compliance measures, and details how to make sure compliance is baked into your store's ongoing operations, and not just ...

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Compliance is not a manual – not even a Red Flags Manual

Myril Shaw Dealer Profit Services

By Myril Shaw "We need to make sure our store meets compliance standards, we need a Red Flags Manual."  Well, unfortunately, having a Red Flags Manual does NOT make a store compliant. In fact, it doesn't even, by itself, demonstrate a "good-faith" effort to address compliance issues. So why does any of this matter? Nearly 60 million Americans have been impacted by identity ...

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Boating Industry Webinar Thursday: How to make compliance a “gold standard”

When it comes to identifying and protecting against identity theft, terrorist organizations, sympathizers, and any form of entanglement with money laundering activities, compliance is important for dealers.It's also hard to manage correctly.Join host David Gee and speaker Myril Shaw, COO of Dealer Profit Services, as they explore what to do, and what not to do, when making your compliance a ...

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ELEVATE SUMMIT sessions and event content now online

Boating Industry Elevate Summit

All of the sessions from the 2020 Boating Industry ELEVATE SUMMIT conference are now available for everyone to view online. The virtual version of this year's Top 100 gala celebration and awards show is also available. The Boating Industry ELEVATE SUMMIT 2020 far exceeded its goals to connect, collaborate, cultivate and celebrate top marine industry visionaries and emerging leaders over ...

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‘Tis the season for a jolly review of your F&I profit

Myril Shaw Dealer Profit Services

By Myril Shaw Well, here we are, the heart of the so-called "slow season."  Thanksgiving, and Black Friday, have now come and gone. Now that the craziness of this year has calmed a bit, it is time to evaluate and make decisions about how to be better. This is the season for change – change to make you better. Change to ...

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F&I – The process drives the profit

Myril Shaw Dealer Profit Services

By Myril Shaw Simple, measurable, achievable, reasonable and time-based goals. They are absolutely a requirement for driving F&I Success. However, as important and necessary as they are, they are also not sufficient.   True F&I success is only possible with a comprehensive and robust F&I process. This process starts long before the customer is introduced to the Finance Manager (or, as ...

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