Compliance
Remaining compliant with F&I product regulation
The regulatory landscape continues to change as the Consumer Financial Protection Bureau, Federal Trade Commission and state regulators have put...
Supreme Court weighs fate of consumer agency that vexes banks, riles GOP
The US Consumer Financial Protection Bureau, long a target of conservatives and the bane of the banking industry, is now...
Avoiding compliance “captivity” as a new captive finance company
Captive automotive finance companies have been a staple of the market in the United States for decades. Traditionally affiliated with...
CFPB expands guidance on adverse action notice
The Consumer Financial Protection Bureau has doubled down on adverse action requirements for lenders using AI-based underwriting with new guidance,...
CFPB proposes $2.7B settlement against credit repair providers
The number of consumer credit disputes sent to auto lenders may decrease as the Consumer Financial Protection Bureau cracks down...
Decoding state commercial financing disclosure laws, floorplan financing
Floorplan financing exemptions in the new state commercial financing disclosure laws may not be as broad as lenders think. Following...
When is repo valid? Regulators probe repossession practices
Repossession agents are facing headwinds as they try to meet growing lender demand, and the situation is now drawing the...
3 ways to improve recovery rates
Auto lenders need to take a close look at their repossession policies and procedures as regulators home in on the...
