Compliance & Regulation
Former Honor Finance execs hit with SEC complaint
The co-founders of the now-defunct subprime auto lender Honor Finance have been accused by the Securities and Exchange Commission (SEC)...
Regulators eye lender portfolios in dealer discrimination probes
State and federal regulators — including the Consumer Financial Protection Bureau (CFPB) and the New York State Department of Financial...
CAC finalizes settlement with Mass. AG for $27.2M
Subprime lender Credit Acceptance Corp. has finalized its settlement with Massachusetts Attorney General’s Office for $27.2 million over allegations that...
CDIA: Federal consumer privacy statute unlikely
PLANO, TEXAS — An all-encompassing federal privacy legislation similar to the California Consumer Privacy Act (CCPA) is unlikely given the...
Bostock decision prompts LGBTQ fair lending considerations
PLANO, TEXAS — The Consumer Financial Protection Bureau (CFPB) has clarified that gender identity and sexual orientation are included in...
Wells Fargo risks regulatory action over pace of restitution
Five years into scandals that have already cost Wells Fargo & Co. more than $5 billion in fines and legal...
Santander settles deceptive lending case in Mississippi
Santander Consumer USA might finally have put its legacy lawsuits to bed. On July 21, Santander settled a 4-year-old case...
NY Department of Financial Services cracks down on dealer markup
The New York Department of Financial Services has sanctioned two banks for allowing dealer markups on auto loans, yet auto...
