Compliance & Regulation
CFPB proposes to extend start date of two debt-collection rules
The Consumer Financial Protection Bureau issued a proposal to extend the effective date by 60 days for two rules under...
Watch: How remote purchasing causes regulatory concerns for lenders
Consumers’ ability to purchase vehicles without stepping inside a dealership has become more popular during the pandemic, but remote transactions...
AFSA 2021: Dems on the Hill prioritize federal all-in interest rate cap
Federal “all-in” interest rate caps are a priority for the U.S. House of Representatives’ Financial Services Committee and certain Democratic...
Pa. auto dealer sentenced to 4-plus years in prison for fraud
Andrew Gabler, owner of Lakeside Auto and Lakeside Chevrolet and former president of the National Independent Automobile Dealers Association, was...
New York AG eyes Credit Acceptance Corp. in fresh probe
The Office of the New York State Attorney General is considering bringing claims against Credit Acceptance Corp. in connection with...
Eisman’s biggest short is subprime lender Credit Acceptance
Steve Eisman, the Neuberger Berman Group portfolio manager made famous by successfully wagering against subprime loans a decade ago, said...
Biden taps Gensler as SEC chairman, FTC’s Chopra as CFPB chief
President-elect Joe Biden has picked a pair of veteran regulators strongly backed by progressive Democrats to lead two key Wall...
Illinois to implement 36% rate cap on auto loans
The Illinois State Legislature passed a bill late yesterday as the Assembly adjourned that will impose a 36% “all-in” interest...
