Statutes of Limitations: Some Guidance for Vehicle Finance from the Ninth Circuit

Many finance companies, debt buyers, debt collectors, and collection law firms wrestle with the question of which statute of limitations to apply when collecting...

Beware! The Fair Lending Bear Awakens from Its Slumber

The Equal Credit Opportunity Act and its implementing Regulation B (collectively, "ECOA") prohibit discrimination against protected classes (e.g., race, national origin, gender, age, etc.)...

FTC Commissioner Rohit Chopra to be Named CFPB Director

A strong consumer advocate and aggressive law enforcer Recently, we learned that President Biden intends to nominate FTC Commissioner Rohit Chopra to serve as the...

Three Things to Know about Possible Litigation Resulting from a Meltdown of Auto-Backed Securities

In the wake of the last recession, millions of homeowners defaulted on their home loans, leading to massive losses for residential mortgage backed securities...

Supreme Court’s Seila Law Decision Brings Clarity to the CFPB (for Now)

In June, the Supreme Court struck down the leadership structure of the CFPB as unconstitutional. (The case is Seila Law LLC v. CFPB, No....

Lessons Learned in RMBS Litigation will Steer Sub-prime Auto Litigation

Beyond COVID-19’s impact on the public’s health and safety, massive unemployment and extreme economic uncertainty are causing a realignment of Americans’ financial priorities in...

Credit Reporting Takes the Stage During Coronavirus Pandemic after Becoming Target of Lawsuits and...

In just a matter of weeks, the unprecedented coronavirus pandemic has drastically changed our lives, our work and the economy. In response, new laws...

Car Dealership Fraud & Deceit: Investigation, Prosecution and Trends

What the  finance industry should know For finance company executives that do business with dealerships, it’s imperative to have answers to the questions below, especially...

Courts Continue to Apply TCPA to Ringless Voicemail Services

Dealers and automotive sales finance companies must proceed with caution when considering using ringless voicemail services to reach leads and current customers. The few...

Automobile Credit Servicing Recent Focus of CFPB’s Supervisory Highlights

The Consumer Financial Protection Bureau (“CFPB”) periodically publishes Supervisory Highlights to share key CFPB examination findings. These highlights also communicate operational changes to the...