Compliance
CFPB homes in on ECOA compliance in loan servicing
The Consumer Financial Protection Bureau is zeroing in on discrimination beyond credit decisioning, prompting auto lenders to review their servicing...
CFPB prioritizes fair lending, machine learning, privacy in digital engagement
Members of the auto finance industry continue to have a strong appetite for developing their digital origination and servicing platforms....
CFPB bulletin outlines compliance priorities
The Consumer Financial Protection Bureau’s Feb. 28 bulletin on auto repossessions serves as a laundry list of unfair, deceptive or...
DOJ anti-trust push creates fresh concerns for banks, large fintechs
The Department of Justice (DOJ) is ramping up its anti-trust efforts, creating new challenges for large fintechs entering traditional bank...
FTC hits Illinois auto dealer with $10M UDAP settlement
Eight dealerships and one general manager under Illinois-based Ed Napleton Automotive Group are settling with the Federal Trade Commission (FTC)...
CFPB eyes unfair, deceptive acts: Technology and repossessions
The Consumer Financial Protection Bureau (CFPB) recently issued two bulletins highlighting its concerns with business practices in the auto finance and...
CFPB eyes unfair, deceptive acts: Here are some tips to avoid scrutiny
With a new administration comes new priorities for federal agencies, and the Consumer Financial Protection Bureau (CFPB) is no different....
New federal statute eases burden on LIBOR transition
NEW YORK — A new federal statute tied to the Consolidated Appropriations Act should ease the burden on bank-regulated lenders...
