Compliance
Less Regulation Prompts Powersports Startups to Offer Leases Versus Loans
New entrant powersport financiers are more interested in leasing, versus traditional financing, thanks to fewer regulatory requirements. Startup CycleOne Financial, for...
Beyond Subprime: DOJ Probes BMWFS For Military Compliance
Regulatory enforcement “is not just a subprime credit issue,” in the wake of news that BMW Financial Services is cooperating...
DOJ Finds CFPB Structure Unconstitutional, Sides With Trump
The Department of Justice is backing a proposal that would allow President Donald Trump to replace Consumer Financial Protection Bureau...
DOJ Inspects BMW Financial Services’ Military Compliance
BMW Financial Services received a request for information from the U.S. Justice Department regarding the company’s leasing compliance, under the...
Zest is Using Math to Comply with CFPB Disparate Impact
When you think about the greatest invention of the 20th century, a few key technologies might come to mind: the...
How Wells Fargo and Santander Are Handling High Volumes at Auction
Howard Segal, national remarketing manager for Wells Fargo, speaks on a panel at the 2017 Conference of Automotive Remarketing. (Photo...
FTC Taps Westlake For Info on Auto Kill Switches
The Federal Trade Commission issued a civil investigative demand to Westlake Financial Services in November, seeking information about the use...
Know Before You Owe: Powersports Regulatory Lessons Learned From Auto Finance
At the very least, lenders should identify who in the organization is responsible for compliance, and dedicate as many resources...
