Why You Need a Website Privacy Policy
Privacy is a growing area of regulation in the United States, and not just for large institutions like national banks. If you do business...
George Washington and the FTC’s Fair Lending Ambuscade
To paraphrase George Washington, in its recent action against Passport Auto Group it could be said of the FTC:
The FTC is not reason, it...
Aren’t Regulations Fun?
Here it is July 2022 – Reg Z went into effect in July 1969, and many other statutes and regulations have followed. We never...
CFPB Claims that Discrimination Is a UDAAP
The Consumer Financial Protection Bureau recently announced that discrimination—whether intentional or unintentional but produces a discriminatory outcome—is an unfair, deceptive, or abusive act or...
National Automotive Finance Association Announces the Appointment of Jennifer Martin to Executive Director
Hanover, Maryland – (February 16, 2022) The Board of Directors of the National Automotive Finance (NAF) Association, a trade association for businesses involved in...
Creditor Liability for Consumer Choices – Are Dealers at Risk?
“Be a caretaker and not an undertaker.”
This is a comment often made by a prominent speaker at independent dealer conferences. The intention of this...
Ode to the Positive
I don’t know about you, but I’m done
With skeptical, cynical, defensive, fearful, angry
Those who refuse to see the good
Who desire for everything to spin...
Reading the Signs
Putting credit statistics in perspective
On April 5, the Wall Street Journal published an article about sub-prime borrowers falling increasingly behind on car payments. The...
The Repo Alliance: Trying to Save the Repossession Industry
It is no exaggeration that the last year has been the most challenging time the repossession industry has ever faced. During this time, several...
‘Bueller, Bueller, Anyone?’
The current season of virtual industry conferences is increasingly making me feel like Ben Stein, the economics teacher in “Ferris Bueller’s Day Off,” waiting...