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CFPB Now Using ‘Mystery Shoppers’ to Test for Discrimination, Lawyer Says
The Consumer Financial Protection Bureau recently began using “mystery shoppers” to discreetly “test out” a company’s compliance practices, said Molly...
No Recession on the Horizon for Auto Finance, Ally President Says [VIDEO]
Although Tim Russi, president of auto finance at Ally Financial Inc., does not predict a downturn or recession on the...
GMF, Maven Expected to Drive 20% of Total Company Revenue by 2019
Maven customers experience smartphone and keyless integration with the vehicle. (Photo by John F. Martin for General Motors) General Motors...
Toyota Eases Carshare Security Concerns With Keyless Entry
The smart key box allows drivers to dictate who has access to their vehicle. (Via Toyota) Toyota Motors is addressing...
Powersports Lenders Strengthen Subprime Approvals With Co-Signers
LAS VEGAS — Powersports lenders are asking for a co-signer in an effort to strengthen subprime loan approvals, in the...
Lenders’ CMS Singled Out in CFPB’s Latest Supervisory Highlights
The Consumer Financial Protection Bureau determined that the overall compliance management systems of automobile loan origination for the lenders it...
FTC May Scrutinize Auto Lenders More Closely
LAS VEGAS — As financial institutions and dealers become more tech savvy, lenders should expect greater scrutiny from the Federal...
Innovate Auto Finance: Lenders Need to Balance Their Ground Forces With Data
LAS VEGAS — As the auto finance industry evolves — and as data becomes more refined and easier to use...
