Compliance
AFE
OCC issues final rule on true lender
The Office of the Comptroller of the Currency (OCC) issued a final rule recently to establish a “simple, bright line test” to...
An auto repossession avalanche is coming: Are you ready?
The impact of the COVID-19 pandemic on the U.S. economy is momentous. As businesses across the country shut down to...
Pandemic speeds remote online notarization
Given the increase in virtual working environments due to COVID-19, many lenders are exploring electronic notarization, remote online notarization (RON),...
Has the FDCPA’s Scope Been Expanded?
What debts are subject to the protections of the Fair Debt Collection Practices Act? One would think that funds received...
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,...
