Compliance
Vehicle lending complaints increase 44% YoY
Problems with billing, interest rates and vehicle repossessions contributed to a 44% year-over-year increase in auto loan and lease complaints...
4th Circuit affirms GAP inclusion does not nullify auto loan exemption from MLA
A 4th Circuit Court of Appeals decision on Wednesday affirmed a lower court’s finding that the inclusion of guaranteed asset...
2nd Circuit Court of Appeals rules CFPB funding constitutional
The U.S. Court of Appeals 2nd Circuit last week ruled the Consumer Financial Protection Bureau’s funding was constitutional, opposing an...
Under the Hood: CFPB’s ‘junk fee’ probe lacks transparency
The Consumer Financial Protection Bureau has stepped up scrutiny of auto loan servicers’ fees for late payments, repossessions and payment...
CFPB increases enforcement staff, leans on public releases
The Consumer Financial Protection Bureau will likely bring a mix of aggressive enforcement and a strategy defined by public releases...
CFPB: ‘Junk fees’ in auto servicing are unfair, deceptive
Continuing its aggressive push of investigating and regulating so-called junk fees charged by banks and financial companies, the Consumer Financial...
SVB collapse spurs regulatory review of mid-size banks
Mid-size banks could soon face stricter federal regulatory oversight following last week’s swift collapse of Silicon Valley Bank and Signature...
Data Sharing: Which privacy laws apply?
When a lender shares data outside of its organization, the question often arises of what laws apply to the sharing....
