Sunday, April 14, 2024

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The Importance of Expanding Personal Financial Data Rights for Consumers

The Consumer Financial Protection Bureau (CFPB) is rolling out an important new rule to give consumers access to their financial data. It’s called the...

CFPB Issues Guidance Warning Creditors Using AI Not to Merely “Check the Box” on Adverse Action Forms

On September 19, 2023, the Consumer Financial Protection Bureau issued Consumer Financial Protection Circular 2023-03 that expressly addresses the legal compliance requirements imposed by...

CFPB’s Summer Supervisory Highlights – A Cornucopia; There’s Something for Everyone

The Consumer Financial Protection Bureau (CFPB) recently issued its Supervisory Highlights for Summer 2023 in connection with examinations they completed from July 1, 2022,...

CFPB Issues Market-Monitoring Orders in Auto Finance Data Pilot

The Consumer Financial Protection Bureau recently issued market-monitoring orders to nine large auto creditors to provide information about their auto “lending” portfolios. The nine auto...

FTC Charges Dealer Group with ‘Unfair Discrimination’ and Charging ‘Junk Fees’

The Federal Trade Commission (FTC) has had a target on auto dealers for a couple of years now and has recently brought another case...

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...

It Takes Two to Tango: Steps a Finance Company Can Take to Protect Its Toes from a Dealership Partner with Two Left Feet

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...