Once again, the CFPB dominated Auto Finance News’ compliance coverage this year as companies settled lawsuits and experts from all corners of the industry made their predictions for a Trump presidency.
In the mad search to find out what actually happened after November 8, many in the industry wanted to know how president-elect Donald Trump would affect compliance in the industry. AFN took a look at who he plans to appoint, how his policies differed from democratic opponent Hillary Clinton, and highlighted the uncertainty of the whole administration.
At the Auto Finance Summit, a panel of regulators drew a lot of attention — among them was Jon Seward, principal deputy chief in the Housing and Civil Enforcement Section of the Civil Rights Division of the DOJ, who noted that Wells Fargo could have avoided its servicemember compliance fees if it had been more prompt in answering a lawyer’s requests.
The CFPB will continue to be a focal point for the industry as we move into the new year, especially with the politics swirling around compliance.
- Trump Elected: Effects on CFPB, Dodd-Frank Unknown, For Now
- Toyota Financial Reached $22M Agreement with CFPB and DOJ
- No Response: One Call Could Have Avoided It All for Wells Fargo
- Santander Comes to Market for a Second Time This Year
- 4 Possible Alternatives to the CFPB’s BISG Methodology
- DOJ Settles ‘Buy Here, Pay Here’ Lawsuit
- One Unanswered Case Led to Wells, DOJ Settlement
- The Politics of Finance: Trump vs. Clinton
- Trump Looks to Fill Administration With Deregulators
- Trump’s Treasury Secretary: Expanding Lending is ‘No. 1 Priority’
