CFPB homes in on ECOA compliance in loan servicing
The Consumer Financial Protection Bureau is zeroing in on discrimination beyond credit decisioning, prompting auto lenders to review their servicing ...
Tag: Equal Credit Opportunity Act
CFPB prioritizes fair lending, machine learning, privacy in digital engagement
Members of the auto finance industry continue to have a strong appetite for developing their digital origination and servicing platforms. ...
CFPB signals fair lending practices extend to servicing
Auto lenders using predictive recovery models in servicing operations could fall under scrutiny from the Consumer Financial Protection Bureau (CFPB) ...
CFPB to Consider Future Rule on Disparate Impact
Via CFPB/ Flickr The Consumer Financial Protection Bureau is considering future rulemaking regarding its disparate impact doctrine, according to the Fall ...
CFPB Shifts Strategy on Dealer Participation [Video]
Chris Willis, partner at Ballard Spahr LLP, gives a presentation on compliance during AFRCS 2017. The Consumer Financial Protection Bureau ...
Know Before You Owe: Powersports Regulatory Lessons Learned From Auto Finance
At the very least, lenders should identify who in the organization is responsible for compliance, and dedicate as many resources ...
Alternative Data Series: Part 1 – What is Alternative Data? [SPONSORED]
In order to better tell the story of alternative data, LexisNexis Risk Solutions developed a 4-part lecture series that explores ...
Auto Lending: The CFPB’s New Focus. How do you know if you are compliant? [SPONSORED]
Since it was established by the Dodd-Frank Act, the CFPB has ushered in a new era of regulatory scrutiny, and ...
