Compliance News

Hyundai Motor America has agreed to pay a cash penalty of $54 million and other fines according to a consent order issued on Nov 23rd in N.J. by the National…
The Federal Reserve Board and Consumer Financial Protection Bureau announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt…
The Consumer Financial Protection Bureau recently issued a final rule to restate clarify prohibitions on harassment and abuse, false or misleading representations, and unfair practices by debt collectors when collecting…
The Federal Trade Commission has launched a new website, ReportFraud.ftc.gov, where consumers can report fraud and all other consumer issues directly to the FTC. ReportFraud.ftc.gov offers a streamlined way to…
The Consumer Financial Protection Bureau issued an Oct. 13 consent order against Nissan Motor Acceptance Corporation an auto financing subsidiary of Nissan North America Inc., which services auto loans and…
Trophy Automotive Dealer Group LLC, an automotive dealer group operating in California, announced that it has reached a settlement with Byron Z. Moldo, the court appointed receiver for the Sage…
A lawsuit has been filed against national auto lender Credit Acceptance Corporation (CAC) for allegedly making unfair and deceptive auto loans to thousands of Massachusetts consumers, providing investors with false…
Risk Point Underwriters LLC announced that Scott A. Hoy has been named Executive Vice President for the specialty auto dealer underwriting unit. Scott will be responsible for driving profitable growth…
Illinois Attorney General Kwame Raoul filed a lawsuit against Skokie Motor Sales Inc. operating as Sherman Dodge, for allegedly engaging in unfair and deceptive advertising and business practices. Sherman Dodge’s…
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