Compliance
Under the Hood: Congress grills Chopra on CFPB transparency
Members of Congress challenged Consumer Financial Protection Bureau Director Rohit Chopra in a pair of hearings this month about the...
EV, charger bundling raises compliance challenges
Finance companies looking to bundle an electric vehicle with a charger and installation face legal and operational challenges due to...
New state privacy laws impact auto finance
The regulation of consumer privacy and security in the United States traditionally has been sectoral in nature. In other words,...
AI-driven chatbots pose compliance challenge
Auto lenders’ use of artificial intelligence-driven chatbots could open the door for compliance challenges related to servicing. © Can Stock...
Early GAP refund status updates critical to multistate compliance
PLANO, Texas — Early updates on GAP waiver refund status are key to lenders remaining compliant across varying state requirements. ...
CFPB highlights AI-driven chatbot risks for FIs
Financial institutions must consider the efficiencies and limitations of artificial intelligence when deploying chatbots as client adoption grows and regulators...
Data management key for GAP compliance
Thorough record keeping at the time of origination and coordinated data management are key to compliance with different states’ guaranteed...
Firm that makes personal loans to pay $20 million after deceptive claims
US regulators ordered OneMain Holdings Inc. to pay $20 million in redress and penalties, saying the personal loan installment lender...
