The only thing we know for sure about the compliance landscape in 2017 is that nothing is for sure. We have heard plenty of rhetoric, but until the changes begin to surface, it’s impossible to know exactly what the regulatory environment will look over the next several years. However, we can offer some compelling insight that you shouldn’t take steps to prepare for what is very likely to be in store for the industry.
Among the most important questions that everyone in the industry should be asking are:
– Will the new Trump administration get rid of the CFPB or simply change it?
– What happens to state regulations in the absence of a strong federal regulator?
– What are the most important operational preparations to make in advance of such a turbulent regulatory season?
Download our new white paper, “Regulations In Motion” to learn more about the compliance challenges facing the vehicle finance industry in 2017. Communicating with borrowers in delinquency or default will always be one of the riskiest, most-scrutinized, and costly a for a servicer, but by staying informed, you can help your company prepare for what’s in store—even amidst the uncertainty of 2017.
WALZ, a division of LenderLive, helps the nation’s largest vehicle finance companies comply and efficiently operationalize compliance throughout their critical borrower communications.
