CFPB proposes $2.7B settlement against credit repair providers
The number of consumer credit disputes sent to auto lenders may decrease as the Consumer Financial Protection Bureau cracks down ...
Tag: Fair Credit Reporting Act
Extensions on extensions: Financing despite low inventory
Dealers continue to struggle with inventory shortages that frustrate sales staff and potential customers. In many cases, potential customers are ...
Hyundai Capital hit with $19M CFPB settlement
Hyundai Capital America (HCA) has entered into a $19 million settlement with the Consumer Financial Protection Bureau (CFPB) after the ...
CFPB reinforces stance on shared credit reports
The Consumer Financial Protection Bureau (CFPB) has reinforced its stance that companies that use and share credit reports must obtain ...
Santander Consumer USA settles with CFPB for $4.75M
Santander Consumer USA on Tuesday settled with the Consumer Financial Protection Bureau over allegations that the lender had violated the ...
Auto Finance Coalition and FTC explore fraud deadline
The Auto Finance Coalition has been meeting with the Federal Trade Commission to discuss changes to the Fair Credit Reporting ...
Mitigating risk in pulling credit reports
Recently, there has been an uptick in lawsuits involving dealerships pulling consumer credit reports. Some have resulted in payments of ...
Don’t ignore the signs: 7 credit reporting compliance requirements to review
As we begin the new year, many auto finance companies start planning their annual compliance procedure review. If the September ...
