Compliance & Regulation
Compliance amid a pandemic: Top 5 stories in 2020
Nothing throws compliance into focus quite like a worldwide pandemic. When the COVID-19 pandemic hit the U.S. in March, auto...
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...
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...
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...
CFPB eyes auto loan servicing amid pandemic
The Consumer Financial Protection Bureau has auto loan servicing on its radar as a top risk area in its “prioritized...
Will CFPB investigations rise after the election?
Auto lenders could see an increase in new investigations from the Consumer Financial Protection Bureau as early as 2021 if...
Massachusetts AG probe signals heightened scrutiny of subprime sector
Increasing vehicle prices have long spurred car buyers to hunt for affordable monthly payments, but now that ability to repay...
