Compliance & Regulation
Wells Fargo faces US demand for record fine exceeding $1B
Wells Fargo & Co. is under pressure from the Consumer Financial Protection Bureau to pay more than $1 billion to...
Under the Hood: Has disparate impact proxy data run its course?
New York regulators continue to crack down on lenders for unintentional fair lending violations. The most recent target was Poughkeepsie-based...
CFPB calls refinancing a ‘potential tool’ for competition
LAS VEGAS — The Consumer Financial Protection Bureau (CFPB) is turning an eye toward auto refinancing as consumers look for...
CFPB plans open banking rule in 2023
LAS VEGAS — The Consumer Financial Protection Bureau (CFPB) is planning to propose a new rule in 2023 requiring financial institutions to...
Under the Hood: New FTC rule aims to crack down on dealer UDAP violations
Though auto dealers were excluded from oversight when the Consumer Financial Protection Bureau (CFPB) was formed back in 2010, they...
CFPB: Subprime consumers ‘priced out of the market’
Subprime automotive consumers are struggling with vehicle affordability as high prices and rising interest rates drive up loan amounts and...
Mass. AG sues dealership for alleged discrimination
Massachusetts Attorney General Maura Healey is suing a car dealership in the town of Haverhill, Mass., for alleged pricing discrimination...
Listen: Weekly Wrap on credit disputes and FinovateFall
Last week, FinovateFall in New York City was in full swing, bringing together fintechs and financial institutions for three days...
