Compliance & Regulation
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...
Petition seeks to exempt ringless voicemail from TCPA
A petition filed with the Federal Communications Commission (FCC) seeking to exempt ringless voicemails as “calls” in the Telephone Consumer...
Vehicle subscriptions plunge auto lenders into compliance ‘gray area’
Subscription models can unlock new routes to mobility for consumers, but navigating compliance practices can be challenging for auto lenders...
Gateway One SEC settlement comes 4 years too late
Late last week, the Securities and Exchange Commission announced a $6.5 million settlement with Gateway One Lending & Finance for...
Consumer Financial Protection Bureau resumes MLA oversight
The Consumer Financial Protection Bureau (CFPB) announced yesterday an interpretive rule asserting its authority to regulate financial institutions for conduct that infringes on the...
Dismissed MLA case against United Auto Credit provides brief respite for auto lenders
A recently dismissed case in the Eastern District Court of Virginia against subprime lender United Auto Credit has provided a...
Exeter Finance on staying ahead of the compliance curve
Meredith Garland-Hannifin At Exeter Finance, establishing a risk culture and appetite at all levels of the...
