At the recent NABD conference, attorney Tom Hudson said he is often criticized for sharing bad news that might draw the attention of regulators. I hear the same complaints from time to time. The reality is the regulators are not paying that much attention to us.
What they are paying attention to are stories like this one from WPIX in New York that bears the headline: "Single mom says used car dealer swindled her out of 2 years’ worth of savings." And another reminder that the story that drew the attention of the CFPB to Herbies, the Colorado buy-here, pay-here dealer, was a positive one.