FTC | Auto Finance News | Auto Finance News

FTC unwanted call website signals heightened scrutiny

The Federal Trade Commission’s recently launched interactive website showing do-not-call (DNC) and robocall data signals a “significantly increased focus” on autodialer and customer phone call consent issues, McGlinchey Stafford attorney Robert Savoie said, noting that the scrutiny is likely to lead to increased investigations. However, there might be a silver lining, Savoie said. “Given that […]

CFPB, FTC fine Equifax $700M for data breach

Equifax has been ordered to shell out $700 million in fines and financial relief after 147 million consumer identities were compromised in a data breach nearly two years ago. A global settlement was announced today in a proposal filed by the Consumer Financial Protection Bureau, Federal Trade Commission, and 48 states, the District of Columbia […]

Proposed FTC Amendments May Impede Lenders’ Use of Aggregators

Proposed Federal Trade Commission amendments to a rule governing consumer data protection “could significantly affect the activities and contracting process” between lenders and lead aggregators, said Quyen Truong, a partner at Stroock & Stroock & Lavan. If the amendments are implemented, lenders will need to ensure that aggregators — which fall into the category of […]