Compliance Insider: Houston, We Have a Problem | Auto Finance News | Auto Finance News

Compliance Insider: Houston, We Have a Problem

canstockphoto18566929I guess when it rains, it pours. My last two columns dealt with the Consumer Financial Protection Bureau’s proposed rule to regulate small dollar loans and the confusion the proposed rule, if finalized, might create for the vehicle finance industry. Not to be outdone, it seems the Department of Defense has — probably unintentionally — decided to get in the confusion game as well with new guidance interpreting its recent revisions to the rule implementing the Military Lending Act.

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