Compliance
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...
CFPB complaints about auto debt collection on the rise
Auto debt collection complaints trended upward in January and February as the Consumer Financial Protection Bureau (CFPB) continues to closely...
Regulatory updates and considerations for GAP providers and creditors
Guaranteed asset protection (GAP) waivers have always held state regulators’ attention, but as vehicle price increases drive up consumer demand...
GAP-focused legislation set to double in 2022
LAS VEGAS — Legislation surrounding guaranteed asset protection (GAP) is on the rise and should double within the next year,...
E-SIGN bill reintroduced in U.S. Senate
U.S. Republican Senators reintroduced legislation on Tuesday to amend the Electronic Signatures in Global and National Commerce Act (E-SIGN), with...
CFPB acts to halt illegal automobile repos
Rising used-vehicle values, affordability concerns and mounting auto loan debt have caught the attention of the Consumer Financial Protection Bureau...
The space between: Legal gray areas for vehicle subscription programs
Thinking back as far as to 2017 can be a challenge these days. Did the world exist before March 2020?...
