Ally Financial names Mehlman first chief legal, corporate affairs officer
Hope Mehlman has been appointed to serve as Ally Financial’s first chief legal and corporate affairs officer, effective Dec. 2. ...
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CFPB: ‘Junk fees’ in auto servicing are unfair, deceptive
Continuing its aggressive push of investigating and regulating so-called junk fees charged by banks and financial companies, the Consumer Financial ...
Improving lending profitability and fairness with AI
Lenders spend countless hours manually verifying loan applicants’ information — specifically, income, residence, employment and proof of insurance. In addition ...
Powersports and the CFPB: Fair lending, fees, repossessions and voluntary products
Compliance lawyers last summer were predicting that the Consumer Financial Protection Bureau (CFPB) would announce a robust regulatory agenda under ...
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 eyes unfair, deceptive acts: Technology and repossessions
The Consumer Financial Protection Bureau (CFPB) recently issued two bulletins highlighting its concerns with business practices in the auto finance and ...
CFPB eyes unfair, deceptive acts: Here are some tips to avoid scrutiny
With a new administration comes new priorities for federal agencies, and the Consumer Financial Protection Bureau (CFPB) is no different. ...
Fair inks purchase agreement for its historic leasing and subscription assets
Digital marketplace and former subscription service Fair has entered into an asset purchase agreement with Consumer Finance Asset Management (CFAM) ...
