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...

CFPB Highlights Trouble in Collecting Inflated Deficiencies

The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) regularly publishes Supervisory Highlights in which it shares with the public key findings from its supervisory...

It Takes Two to Tango: Steps a Finance Company Can Take to Protect Its...

Finding a good dance partner can be difficult. If all goes well, your and your partner's steps and turns are in sync, and you...

Prepare Now for New FTC Regulations

Now that the comment period is closed for the proposed changes to the Federal Trade Commission regulations, the retail automotive industry is waiting to...

Watch your Step:

Justice Department Reaches yet Another Settlement with Auto Finance Company for Violating SCRA Over the last couple of years, it seems I see the same...

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...

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...

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...

CFPB Sues Software Company for Providing Substantial Assistance

The Consumer Financial Protection Bureau (CFPB) recently filed a lawsuit in federal district court accusing a California-based software company and its founder, owner, and...

Learning from the Mistakes of Others— CFPB’s Summer 2021 Supervisory Highlights

Most creditors find 100 percent regulatory compliance to be an elusive goal, and auto-secured creditors are no exception. My clients often say to me,...