Compliance
Do you need to know your customer?
Auto dealerships and lenders are likely familiar with “know your customer” requirements, which typically involve obtaining identification information from customers...
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...
Regulators prioritize fair lending and equal access to credit
Anyone who has attended a conference or looked at information from regulators within the past few months could not help...
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...
Managing repossessions and consumer bankruptcy in wake of Chicago v. Fulton
A recent U.S. Supreme Court decision has shed light on auto lenders’ ability to repossess vehicles from consumers in bankruptcy,...
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 Dallas-based subprime lender is...
Post-repossession: Can a borrower ‘cure’ a default and get their car back?
Coming out of the COVID-19 pandemic, the auto finance industry will face a number of issues when it comes to...
Repossessions and bankruptcy: What the Fulton decision means for turnover
The February Supreme Court decision in City of Chicago v. Fulton was widely celebrated in the lending community because the...
