Compliance
Employees Claim Santander’s ‘Stressful’ Workplace Harms Borrowers
Pro-union groups are claiming Santander Consumer USA collections agents work under a high-stress environment, which is overly reliant on computer...
If the CFPB Audited You Tomorrow … [SPONSORED]
Imagine that the bureau’s examiners are waiting in the lobby. The time for preparation has come and gone. What are...
LTVs Hit Record Low in Santander’s DRIVE Auto Securitization
Santander Consumer USA's Drive platform had the lowest LTV rate in its latest securitization than all the previous Drive asset-backed...
Lenders Hustle to Revise Contracts Following Arbitration Rule, Sierra Says
Indirect lenders will need to act quickly to remove arbitration clauses from contracts throughout their dealer networks in the wake...
Judge Grants Argument for Toyota Financial to Arbitrate Class Action
Toyota Financial Services was granted argument to compel arbitration for a 2015 class action case, which alleges the captive charged illegal...
CFPB Arbitration Rule to ‘Particularly’ Impact Credit Cards, Lawyer Says
The Consumer Financial Protection Bureau’s new arbitration rule issued Monday might have a “particular impact” on revolving credit programs in...
The CFPB’s Moving Target [SPONSORED]
In 2017, the Consumer Financial Protection Bureau continues to influence and shape regulatory compliance requirements for vehicle lenders and servicers. Far...
Arbitration Rule to Prompt Confusion for Renegotiated Terms
The Consumer Financial Protection Bureau's new arbitration rule -- which bans companies from using arbitration clauses to deny groups of people...
