Compliance & Regulation
Dealers must be ready for new FTC data breach reporting rule
On Oct. 27, the Federal Trade Commission issued a final rule to amend its Standards for Safeguarding Customer Information, the...
Toyota Motor Credit fined $60M by CFPB
The Consumer Financial Protection Bureau has ordered Toyota Motor Credit Corp. to pay $60 million for infractions related to ancillary...
Under the Hood: CFPB lags on information security updates
While the Consumer Financial Protection Bureau plans to step up enforcement action in the lending sector, the federal watchdog has...
Junk fee supervisory and enforcement activity targets auto servicers
For almost two years, the Consumer Financial Protection Bureau (CFPB) has made combating so-called junk fees an agency priority, bringing...
Remaining compliant with F&I product regulation
The regulatory landscape continues to change as the Consumer Financial Protection Bureau, Federal Trade Commission and state regulators have put...
Supreme Court weighs fate of consumer agency that vexes banks, riles GOP
The US Consumer Financial Protection Bureau, long a target of conservatives and the bane of the banking industry, is now...
CFPB expands guidance on adverse action notice
The Consumer Financial Protection Bureau has doubled down on adverse action requirements for lenders using AI-based underwriting with new guidance,...
CFPB proposes $2.7B settlement against credit repair providers
The number of consumer credit disputes sent to auto lenders may decrease as the Consumer Financial Protection Bureau cracks down...
