Compliance News

The Consumer Financial Protection Bureau issued an updated advisory to financial institutions urging them to report to the appropriate local, state and federal authorities whenever they suspect that an older…
The Consumer Financial Protection Bureau (Bureau) released a report that found more than one-in-four consumers with a credit report have at least one debt in collection by third-party debt collectors.…
There's one constant in all motor vehicle transactions - paperwork. The documents progress from the ones on the vehicle, like the Monroney sticker and the Buyers Guide, to DMV documents,…
Consumers don’t want their cars sharing their data. According to a survey of 1,403 current car shoppers on Autolist, 83 percent of current car shoppers believe that automakers and tech…
Most car dealers I encounter try in good faith to follow the requirements of the many federal and state laws that regulate the business of selling, financing, and leasing vehicles…
The Consumer Financial Protection Bureau says its first symposium will be held on June 25, the first of a series announced earlier this year that will focus on the Dodd-Frank…
Lenders identified their three biggest fraud concerns in 2019: credit washing, synthetic identity via Credit Protection Numbers, and fraud by dealers resulting in higher levels of first and early payment…
The Consumer Financial Protection Bureau continues to take a close look at ancillary products sold by captive finance companies to consumers who finance their used-car purchases. The CFPB gave examples…
Do you truly know what the repossession agents you've assigned to repossess one or more of your customers' cars are doing? I'm hearing more and more about a very disturbing…
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