Tag: CFPB

Whether subprime auto lending is reaching dangerous levels is debatable, as evidenced by the continued conversation in the media surrounding ...

One of the most important steps a company can take if it gets served a civil investigative demand from the ...

With recent CFPB enforcement actions coupled with an expansion of supervisory oversight to nonbank auto lenders, compliance concerns just got ...

SCCU pays its dealers fixed reserve fees, “but they know that we will not tolerate the arbitrary charging of a ...

It’s no secret that lenders are living in a more regulated space as a result of interest from the Consumer ...

Dan Soto, Ally's Chief Compliance Officer “We don’t discriminate,” he told attendees at the Auto Finance Compliance Summit this month ...

Dealer reserve is an instrumental function of the auto loan financing process. In a routine that is familiar to most ...

Lenders are being required to act as a “policeman” over the actions of their dealer clients—who are not regulated by ...