Compliance
AFE
Lender Compliance Technologies brings automation to auto lenders’ regulatory practices
Automation is quickly becoming the new norm in auto finance, prompting auto lenders to partner with fintechs to simplify their...
Dollars, coins and tokens: Is your business prepared for digital currency?
When Tesla announced that it would begin accepting Bitcoin payments, it sent shock waves through the automotive industry and cryptocurrency...
E-signed contracts are great, but how do I know who actually signed it?
While online motor vehicle sales and financing transactions were already prevalent before COVID-19, the pandemic accelerated the growth of that...
Fair Credit Reporting Act: Policy check in – permissible purpose
It should come as no surprise that the Fair Credit Reporting Act (FCRA) includes the potential for hefty liability, both...
U.S. House of Representatives votes to override OCC True Lender Rule
The U.S. House of Representatives on June 24 voted 218 to 208 to repeal the Office of the Comptroller of...
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...
