Compliance
AFE
Transitioning away from Libor
Libor, the London Interbank Offered Rate at which leading London banks borrowed from each other on a short term, unsecured...
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:...
CCPA for lenders outside California
The California Attorney General’s office began enforcing the California Consumer Privacy Act (CCPA) on July 1. Lenders operating outside California...
CFPB statement clarifies credit reporting and CARES Act
On April 1, as the nation was in the beginning stages of its COVID-19 shutdown and companies, including financial institutions,...
Another ‘unfathomable’ decision: Colorado loans not valid when made
On June 9, the Colorado District Court issued an order stating that federal interest rate exportation authority under Section 27 of...
Identifying and preventing synthetic identity fraud
While preventing fraud has always been a key challenge for businesses in any industry, the task has been made even...
Post-COVID compliance predictions
The Consumer Financial Protection Bureau released a report in April evaluating the pandemic’s effect on credit originations. After evaluating 5...
Credit reporting during a pandemic
The economic impact of COVID-19 has already proven catastrophic for many businesses and consumers. Many employers are reducing their staffing...
