CFPB sues auto loan servicer for UDAAP violations
The CFPB has filed a lawsuit in a Georgia federal district court against USASF Servicing (USASF) in which the CFPB alleges that USASF engaged in various unfair acts or practices in violation of the...
View ArticleAFSA raises concerns about sufficiency of CFPB’s Supervisory Highlights
In a comment letter sent last week to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, a key financial industry trade group raised concerns that a recent edition of the CFPB’s...
View ArticleFTC and Wisconsin AG enter into settlements with auto dealerships for alleged...
The Federal Trade Commission and Wisconsin Attorney General have entered into settlements with a group of auto dealerships, their current and former corporate owners, and their general manager for...
View ArticleFTC issues final CARS Rule setting new requirements on vehicle sales
On December 12, 2024, the Federal Trade Commission (“FTC”) announced its Combating Auto Retail Scams Rule, otherwise known as the “CARS Rule,” setting new requirements on the sale, financing, and...
View ArticleBallard Spahr to hold January 23 webinar on FTC Cars Rule
In December 2023, the Federal Trade Commission announced its Combatting Auto Retail Scams Rule, otherwise known as the “CARS Rule,” which sets new requirements on the sale, financing, and leasing of...
View ArticleAuto dealer trade groups challenge FTC CARS Rule in Fifth Circuit
On January 5, 2024, two trade groups representing auto dealers filed a petition for review challenging the Federal Trade Commission’s (“FTC”) new Combating Auto Retail Scams Rule (“CARS Rule”). In the...
View ArticleFTC postpones effective date for CARS Rule in response to legal challenge
On January 18, 2024, the Federal Trade Commission’s (“FTC”) announced that it is postponing the effective date of the Combating Auto Retail Scams Rule (“CARS Rule”) in light of the legal challenge from...
View ArticleThis week’s podcast episode: The CARS Rule: What you need to know about the...
Our special guest is Richard (“Rick”) Hackett, former Assistant CFPB Director responsible for auto finance regulation and presently a member of the Board of F&I Sentinel, which supports lender...
View ArticleCFPB seeks approval for new auto finance data collection
The CFPB recently published a notice in the Federal Register indicating that it is seeking approval from the Office of Management and Budget (OMB) for the collection of additional auto finance data...
View ArticleThe CARS Rule: What you need to know about the Federal Trade Commission’s...
Our special guest is Richard (“Rick”) Hackett, former Assistant CFPB Director responsible for auto finance regulation and presently a member of the Board of F&I Sentinel, which supports lender...
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