Lenders scramble to comply with ‘flubbed’ NH law rollout
Changes to New Hampshire regulation related to automotive retail installment contracts have left lenders scrambling to meet new rules and ...
Tag: compliance
Podcast: Regulators eye AI, aftermarket sales practices
Regulators are scrutinizing practices surrounding the use of artificial intelligence and machine learning as well as aftermarket product sales, prompting ...
CFPB funding under new scrutiny
The Consumer Financial Protection Bureau is facing additional challenges that call into question the legality of the bureau’s funding. ...
CFPB probes emerging AI-based tech
The Consumer Financial Protection Bureau has once again made it clear that new AI- and machine learning-based technologies are held ...
CFPB orders $20M in penalties against Fifth Third
Fifth Third Bank faces $20 million in penalties after the Consumer Financial Protection Bureau today issued an order alleging that ...
Podcast: ‘Weekly Wrap’ on sales, incentives
June marked mixed vehicle sales and an uptick in incentives ahead of the July Fourth holiday, while the industry continues ...
CFPB eyes autopay practices for auto loans
The Consumer Financial Protection Bureau is taking a close look at automatic payments for auto loans as well as servicing ...
Podcast: ‘Weekly Wrap’ on rising debt, tech, compliance
Higher insurance costs are exacerbating affordability and funding challenges for subprime borrowers as the auto finance industry continues to navigate ...
