Compliance & Regulation
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...
Murky waters: Navigating GAP state regulations
On July 1, Tim Mazza led a civil complaint against Air Academy Federal Credit Union, saying the creditor failed to...
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...
