Compliance
Judge in Condor Case Says Outside Counsel Has Conflicts with Wells Fargo
The judge in the Condor Capital Corp. case brought by the N.Y. State Department of Finance raised concerns that the law...
Settlement or Not, Ally to Stick With Discretionary Comp
Dan Soto, Ally's Chief Compliance Officer “We don’t discriminate,” he told attendees at the Auto Finance Compliance Summit this month...
At Least Six Auto Lenders Said to Be in CFPB Crosshairs
The Consumer Financial Protection Bureau is purportedly engaged in at least six fair lending actions against auto finance companies, a...
BMO Harris Bank On Its Own With Flats Comp — For Now
NEWPORT BEACH, Calif. -- While officials from the Consumer Financial Protection Bureau might be pleased that BMO Harris Bank last...
N.Y. Auto Fraud Case Will Prompt Stiffer State Scrutiny, Lawyers Say
Auto lenders should expect increased scrutiny and legal action from state regulators and law enforcement in the coming months, legal experts...
BMO Harris Moves to Flats
BMO Harris Bank is the first major lender to switch to flat fees from a dealer-reserve compensation structure. The move...
Even Auto Lenders Are Now Aiming to Capitalize on Crowdfunding
There are crowdfunding ventures for startups in energy, education, media, science, video, healthcare ... and now auto finance. At least...
Lenders Struggle with CFPB Auto Dealer Edicts
A year after the Consumer Finance Protection Bureau issued guidelines on discretionary loan pricing by automobile dealers, lenders who buy...
