Compliance
Post-COVID compliance predictions
The Consumer Financial Protection Bureau released a report in April evaluating the pandemic’s effect on credit originations. After evaluating 5...
Credit reporting during a pandemic
The economic impact of COVID-19 has already proven catastrophic for many businesses and consumers. Many employers are reducing their staffing...
Debt collection calls allowed to continue in Mass.
On May 6, 2020, U.S. District Court Judge Richard Stearns entered a temporary restraining order (TRO) temporarily enjoining Massachusetts Attorney...
Honda dealership settles with FTC for $1.5M
New York City-based auto dealer Bronx Honda and its general manager, Carlo Fittanto, are set to pay $1.5 million to...
Repossessions during the COVID-19 pandemic
During normal times, creditors face a number of requirements when looking to exercise their self-help repossession rights in the event...
SCUSA settles predatory lending suit dating back a decade
Santander Consumer USA has settled a lawsuit leveled by 33 states and the District of Columbia alleging that the subprime...
Keep your regulatory health in check
Auto finance customers’ concerns about the impact of the coronavirus may be addressed, in part, with traditional loss-mitigation tools. Deferral...
DOT needs to start another ‘cash for clunkers’ program
At the height of the credit crisis, the federal government introduced a program to save the auto industry. The program...
