Compliance
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...
Under the Hood: CFPB takes stab at clarifying ‘abusive’ acts
The Consumer Financial Protection Bureau’s latest Supervisory Highlights publication appears to be an attempt to mitigate the confusion caused by...
The fuss about junk fees: Recent regulatory, private actions challenge fees
The Consumer Financial Protection Bureau and Federal Trade Commission have issued proposed rules and guidance regarding some fee practices, and...
CFPB sues U.S. Auto Sales’ finance arm USASF for repo practices
The Consumer Financial Protection Bureau has brought claims against auto loan servicer USASF Servicing alleging that the company illegally disabled...
NY judge pauses CFPB case against Credit Acceptance Corp.
A Consumer Financial Protection Bureau lawsuit against subprime auto lender Credit Acceptance Corp. is on hold after a New York...
The fuss about junk fees: Biden, CFPB, FTC collaborate
Anyone who has financed the purchase of a product or service, had a bank account, bought a car or purchased...
