Compliance
AFN launches State Compliance Directory
Auto Finance News is now publishing regulatory compliance data from provider Winnow Solutions to deliver state and federal regulatory updates...
Regulators put onus on lenders in ‘junk fee’ crackdown
Auto lenders must review their contract and disclosure processes as the Consumer Financial Protection Bureau expands its investigation of fees...
Under the Hood: CFPB new guidance hinges on negligible complaint data
The Consumer Financial Protection Bureau’s latest statement cautions lenders to avoid discriminating against auto loan borrowers who are immigrants. Yet,...
Podcast: ‘Weekly Wrap’ speaks to Toyota CFPB oversight, subprime credit tightening
The Consumer Financial Protection Bureau continued to focus on the sale of ancillary products to consumers, fining Toyota Motor Credit...
Dealers must be ready for new FTC data breach reporting rule
On Oct. 27, the Federal Trade Commission issued a final rule to amend its Standards for Safeguarding Customer Information, the...
Toyota Motor Credit fined $60M by CFPB
The Consumer Financial Protection Bureau has ordered Toyota Motor Credit Corp. to pay $60 million for infractions related to ancillary...
Under the Hood: CFPB lags on information security updates
While the Consumer Financial Protection Bureau plans to step up enforcement action in the lending sector, the federal watchdog has...
Junk fee supervisory and enforcement activity targets auto servicers
For almost two years, the Consumer Financial Protection Bureau (CFPB) has made combating so-called junk fees an agency priority, bringing...
