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Compliance

The FTC’s CARS Rule and Auto Creditors: Why Covered Dealers Are Not the Only Businesses that Need to Worry About Compliance

The Federal Trade Commission's final trade regulation rule is designed to transform the vehicle shopping and financing experience for auto dealers and consumer customers,...

CFPB Files Lawsuit Against BHPH Auto Servicer

Hold onto your hats, folks—it’s getting rough out there! Citing the increased cost of vehicles and more credit needed to pay for them, the...

The CFPB and the Quaint Notion of Caveat Emptor – Bankers Beware!

Doing Business – Horse Trading and Lending Money People selling or exchanging things to other people is as old as the hills, Buyers and sellers...

Breaking Down the Safeguards Rule Incident Response Plan Requirement

The Federal Trade Commission (“FTC”) has given financial institutions six additional months to comply with the new Safeguards Rule requirements. Auto dealers who offer...

Time for a Tune-Up? Service Provider Relationships Under the Safeguards Rule

You may have heard some squeaking lately, investigated a little further, and determined that all the noise is about the Federal Trade Commission’s Safeguards...

States are Joining the War on Voluntary Protection Products

When it comes to voluntary protection products, such as guaranteed asset protection, debt cancellation, credit insurance, service contracts, and vehicle protection products, the hottest...