Compliance
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...
CACC and DriveTime Tapped in FTC Kill Switch Inquiry
The Federal Trade Commission sought information regarding the use of kill switches from Credit Acceptance Corp. and DriveTime Automotive Group...
Powersports Twitter Chat: What’s the Deal With Dealer Training?
Dealer training — or lack thereof — is a major challenge for powersports industry leaders, but in what areas is...
Three Republican Plans Take Swipe at CFPB
Texas Senator Ted Cruz Republican lawmakers introduced three plans this week that look to limit or outright abolish the Consumer...
Like a Dog with a Bone: Is it Time for the CFPB to Drop Disparate Impact?
On Jan. 18, the Republican staff of the House Committee on Financial Services issued Unsafe at Any Bureaucracy, Part III:...
HDFS Sued Over Alleged Harassment, Lenders Advised to Remain Compliant
Harley-Davidson Financial Services is being sued over alleged telephone harassment, which serves as a reminder to powersports lenders that when...
Executive VP Bill Katafias Leaves Wells Fargo
Bill Katafias, former executive vice president of Wells Fargo Dealer Services. After 24 years at Wells Fargo Dealer Services, Executive...
