Compliance
Petition seeks to exempt ringless voicemail from TCPA
A petition filed with the Federal Communications Commission (FCC) seeking to exempt ringless voicemails as “calls” in the Telephone Consumer...
Vehicle subscriptions plunge auto lenders into compliance ‘gray area’
Subscription models can unlock new routes to mobility for consumers, but navigating compliance practices can be challenging for auto lenders...
U.S. House of Representatives votes to override OCC True Lender Rule
The U.S. House of Representatives on June 24 voted 218 to 208 to repeal the Office of the Comptroller of...
Mitigating reputational risk amid resumed MLA examinations by the CFPB
Auto lenders may need to review their compliance to the Military Lending Act (MLA) to avoid reputational risks, fines or...
Gateway One SEC settlement comes 4 years too late
Late last week, the Securities and Exchange Commission announced a $6.5 million settlement with Gateway One Lending & Finance for...
Do you need to know your customer?
Auto dealerships and lenders are likely familiar with “know your customer” requirements, which typically involve obtaining identification information from customers...
Consumer Financial Protection Bureau resumes MLA oversight
The Consumer Financial Protection Bureau (CFPB) announced yesterday an interpretive rule asserting its authority to regulate financial institutions for conduct that infringes on the...
Regulators prioritize fair lending and equal access to credit
Anyone who has attended a conference or looked at information from regulators within the past few months could not help...
