Compliance
AFE
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...
Debt collection calls allowed to continue in Mass.
On May 6, 2020, U.S. District Court Judge Richard Stearns entered a temporary restraining order (TRO) temporarily enjoining Massachusetts Attorney...
Repossessions during the COVID-19 pandemic
During normal times, creditors face a number of requirements when looking to exercise their self-help repossession rights in the event...
Keep your regulatory health in check
Auto finance customers’ concerns about the impact of the coronavirus may be addressed, in part, with traditional loss-mitigation tools. Deferral...
