Abusive practices: CFPB policy statement murky at best
On April 3, the Consumer Financial Protection Bureau published a policy statement on abusive practices. As readers know, the bureau...
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....
Regulatory considerations and warnings in digital marketing
Auto finance companies, like all businesses, love the opportunity to partner with other companies to obtain new customers. A popular...
FTC report highlights concerns with dealer advertising and add-on products
On July 30, 2020, the Federal Trade Commission (FTC) issued a Bureau of Consumer Protection Staff report titled Buckle Up:...
Regulatory sandboxes, policy changes spur innovation
Regulatory uncertainty remains one of the most significant challenges to finance companies that want to develop creative and innovate products...
Minnesota Dept. of Commerce Issues Guidance Regarding Sales Finance Company License
On April 5, 2019, the Minnesota Department of Commerce (“Department”) issued guidance formalizing its position that a company that purchases...
State Regulators Step Up to Post-Cordray Era Challenge
Much has been reported on changes at the Consumer Financial Protection Bureau after new leadership took the helm a little...
