Compliance
Santander Consumer USA settles with CFPB for $4.75M
Santander Consumer USA on Tuesday settled with the Consumer Financial Protection Bureau over allegations that the lender had violated the...
Post-COVID economic trends in auto finance
The COVID-19 pandemic and its economic consequences have dramatically affected the auto finance industry. The pandemic has presented challenges and...
Legislation in auto finance: What’s on the horizon?
The rise of a state-driven consumer protection agency, along with the 2020 presidential election results, could shake up legislation practices...
CFPB refines debt-collection rule
After reviewing 37,000 comments in the past seven years, the Consumer Financial Protection Bureau is nearing the finish line on...
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...
NMAC to pay $5M in CFPB settlement
Nissan Motor Acceptance Corp. has reached a $5 million settlement with the Consumer Financial Protection Bureau for collection and repossession...
Is a nationwide enforcement crackdown coming from CA?
Move over, Consumer Financial Protection Bureau, the California Department of Financial Protection and Innovation (DFPI) has set its sights on...
