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Categories: Compliance, Industry
Dark Patterns - Soon Starring a Dealer Near You

Dealers should take care to avoid practices that regulators could deem to be tricks or manipulation of consumers.

https://www.fi-magazine.com/373804/dark-patterns-soon-starring-a-dealer-near-you-1
Categories: Compliance, F&I
Pricing for Fun and Profit

Implementing pricing guidelines is not a guarantee that the regulators will stay away, but properly implemented and managed, it should provide a plausible...

https://www.fi-magazine.com/364651/pricing-for-fun-and-profit
Categories: Compliance, Industry
Consumers and Their Experiences to Be at the Foundation of CFPB Policymaking

The CFPB recently provided directions to the CEEA that will ensure consumer voices are heard throughout, and at every level, of the Bureau – from...

https://www.fi-magazine.com/364041/consumers-and-their-experiences-to-be-at-the-foundation-of-cfpb-policymaking
Categories: Compliance, Industry
Reigning in Franken-agency

On June 29, the United States Supreme Court ruled that the structure of the Consumer Financial Protection Bureau was unconstitutional. A compliance expert...

https://www.fi-magazine.com/363252/reigning-in-franken-agency
Categories: Compliance, Industry
New Supreme Court Ruling Could Result In Challenges Within CFPB

On Monday, The Supreme Court ruled that the structure of the Consumer Financial Protection Bureau is unconstitutional.

https://www.fi-magazine.com/361342/new-supreme-court-ruling-could-result-in-challenges-within-cfpb
Categories: Compliance, Industry
CFPB Announces Membership of Taskforce on Federal Consumer Financial Law

The Consumer Financial Protection Bureau (CFPB) announced four members who will serve on the Taskforce on Federal Consumer Financial Law.

https://www.fi-magazine.com/359986/cfpb-announces-membership-of-taskforce-on-federal-consumer-financial-law
Categories: Auto Finance, Dealer Ops, Industry
Regulators Appear to Endorse Alternative Credit Scoring

A joint statement from the nation’s biggest banking regulators expressed cautious optimism toward emerging decisioning models that could generate more auto...

https://www.fi-magazine.com/359674/regulators-appear-to-endorse-alternative-credit-scoring
Categories: Auto Finance, Compliance, Dealer Ops, F&I
AG Coalition: CFPB Has 'No Authority to Overrule' High Court’s ECOA Interpretation

A coalition of 14 attorneys general warned CFPB Acting Director Mick Mulvaney against taking any action to reinterpret ECOA as not providing for disparate...

https://www.fi-magazine.com/351037/ag-coalition-cfpb-has-no-authority-to-overrule-high-courts-ecoa-interpretation
Categories: Auto Finance, Compliance
The CFPB’s Spirit Lives On

Attorney Eric Johnson fields questions about the state of the CFPB, the now fully staffed FTC, and the aggressive stance of state attorneys general. He also...

https://www.fi-magazine.com/351176/the-cfpbs-spirit-lives-on-1
Categories: Auto Finance, Compliance, Dealer Ops, F&I
Wells Fargo to Begin Growing Auto Loan Portfolio by Mid-2019

Wells Fargo's continued runoff of its auto loan portfolio resulted in a $10.3 billion year-over-year decline in auto loan balances in the second quarter,...

https://www.fi-magazine.com/324084/wells-fargo-to-begin-growing-auto-loan-portfolio-by-mid-2019


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