Compliance
CFPB prioritizes fair lending, machine learning, privacy in digital engagement
Members of the auto finance industry continue to have a strong appetite for developing their digital origination and servicing platforms....
CFPB bulletin outlines compliance priorities
The Consumer Financial Protection Bureau’s Feb. 28 bulletin on auto repossessions serves as a laundry list of unfair, deceptive or...
DOJ anti-trust push creates fresh concerns for banks, large fintechs
The Department of Justice (DOJ) is ramping up its anti-trust efforts, creating new challenges for large fintechs entering traditional bank...
FTC hits Illinois auto dealer with $10M UDAP settlement
Eight dealerships and one general manager under Illinois-based Ed Napleton Automotive Group are settling with the Federal Trade Commission (FTC)...
CFPB eyes unfair, deceptive acts: Technology and repossessions
The Consumer Financial Protection Bureau (CFPB) recently issued two bulletins highlighting its concerns with business practices in the auto finance and...
CFPB eyes unfair, deceptive acts: Here are some tips to avoid scrutiny
With a new administration comes new priorities for federal agencies, and the Consumer Financial Protection Bureau (CFPB) is no different....
New federal statute eases burden on LIBOR transition
NEW YORK — A new federal statute tied to the Consolidated Appropriations Act should ease the burden on bank-regulated lenders...
State AGs ratchet up pursuit of GAP refunds
Though some lawmakers are still drafting legislation related to guaranteed auto protection (GAP) policies, financiers are already starting to feel...
