The Consumer Financial Protection Bureau (CFPB) has proposed a debt collection rule stating that collectors must inform consumers up-front about certain information when attempting to...
The Department of Defense last week withdrew a provision to the Military Lending Act (MLA) that prevented adding guaranteed asset protection (GAP) warranties to vehicle...
The Consumer Financial Protection Bureau is attempting to clarify its definition of “abusiveness” standards relating to its supervision and enforcement under the Unfair, Deceptive, or Abusive Acts...
This year, Powersports Finance has taken an increased interest in covering fraud perpetrated by dealers in the powersports space. From the roads of Delaware to the wilds...
This year saw the beginnings of major compliance considerations changing course in vehicle finance. Below are the five Powersports Finance compliance stories with the greatest potential to affect lenders as the industry...
Army Specialist Austin Deehan has sued Chevrolet of South Anchorage, a Lithia Motors dealership in Alaska, for selling him a 2014 Harley-Davidson motorcycle and allegedly...
SAN DIEGO — To better fight fraud in the powersports industry, lenders and dealers need to have open communication to share information about potentially fraudulent...
Lenders should pay attention to how they charge consumers collateral protection insurance (CPI) in the wake of Wells Fargo’s agreement to shell out $394 million...
