Compliance
Looking back on 2022 through a compliance lens
In January, I closed my column on 2022 compliance predictions with a hope for more predictability this year. Are we...
Under the Hood: CFPB eyes disabling of starter-interrupt devices
Vehicle starter-interrupt devices may be headed for the chopping block if regulators have their way. In its “Supervisory Highlights” report...
Listen: Weekly Wrap discussion on credit, fees
Auto credit availability continued to improve in October while regulation scrutiny ramped up. The Dealertrack Credit Availability Index increased 0.2%...
Florida AG investigates hidden lease-buyout fees
Florida Attorney General Ashley Moody’s office is investigating several regional dealerships and auto lenders regarding “hidden fees” associated with lease-end...
CFPB keen on creating new auto lending data set
The Consumer Financial Protection Bureau (CFPB) is looking to build a new auto lending data set to allow for “a...
Wells Fargo faces US demand for record fine exceeding $1B
Wells Fargo & Co. is under pressure from the Consumer Financial Protection Bureau to pay more than $1 billion to...
Under the Hood: Has disparate impact proxy data run its course?
New York regulators continue to crack down on lenders for unintentional fair lending violations. The most recent target was Poughkeepsie-based...
California’s new legislation takes aim at GAP waivers
California Attorney General Rob Bonta has never minced words in expressing his position that consumers should be protected from guaranteed...
