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...

Fin-tech – It’s Just Another Fad

According to the Internet, Fin-tech, aka financial technology, is the technology and innovation that aims to compete with traditional financial methods in the delivery...