What to Do If You Get ‘Served’ by a Regulator
One of the most important steps a company can take if it gets served a civil investigative demand from the ...
Tag: CFPB
Simple Tips for Monitoring Credit Reporting Vendors
With recent CFPB enforcement actions coupled with an expansion of supervisory oversight to nonbank auto lenders, compliance concerns just got ...
How to Warn Consumers About Markups
SCCU pays its dealers fixed reserve fees, “but they know that we will not tolerate the arbitrary charging of a ...
Compliance Lessons From the Condor Capital Case
It’s no secret that lenders are living in a more regulated space as a result of interest from the Consumer ...
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 ...
The IT That Can Improve Dealer Comp Consistency
Dealer reserve is an instrumental function of the auto loan financing process. In a routine that is familiar to most ...
Lenders Struggle with CFPB Auto Dealer Edicts
Lenders are being required to act as a “policeman” over the actions of their dealer clients—who are not regulated by ...
Why it’s Important to Right-Size Your Compliance Staff
Representatives from four different companies offered their views on how to build the best compliance staff at the webinar, which ...
