Compliance
AFE
Mitigating reputational risk amid resumed MLA examinations by the CFPB
Auto lenders may need to review their compliance to the Military Lending Act (MLA) to avoid reputational risks, fines or...
Do you need to know your customer?
Auto dealerships and lenders are likely familiar with “know your customer” requirements, which typically involve obtaining identification information from customers...
Regulators prioritize fair lending and equal access to credit
Anyone who has attended a conference or looked at information from regulators within the past few months could not help...
Managing repossessions and consumer bankruptcy in wake of Chicago v. Fulton
A recent U.S. Supreme Court decision has shed light on auto lenders’ ability to repossess vehicles from consumers in bankruptcy,...
Post-repossession: Can a borrower ‘cure’ a default and get their car back?
Coming out of the COVID-19 pandemic, the auto finance industry will face a number of issues when it comes to...
Repossessions and bankruptcy: What the Fulton decision means for turnover
The February Supreme Court decision in City of Chicago v. Fulton was widely celebrated in the lending community because the...
CFPB shake-up: What administration changes may mean for auto lenders
Things are quickly changing at the Consumer Financial Protection Bureau. President Joe Biden made Dave Uejio acting director of the...
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...
